Aveanna Healthcare Holdings, Inc. (AVAH): debt financing — Aveanna completes $1.325B refinancing; extends maturities, repays $415M second lien debt

Aveanna Healthcare Holdings, Inc.

New $1.325B first lien term loans refinance $886M existing loans and add $439M incremental; maturity 2032 at SOFR+3.75%.
Revolving credit facility upsized from $170.3M to $250M; maturity extended to 2030.
Incremental term loan proceeds used to repay in full $415M second lien term loans; second lien facility terminated.
Maturities extended: revolver to 2030, term loans to 2032; undrawn revolver boosts liquidity.
Co-lead arrangers Barclays and Jefferies; CFO cites strengthened balance sheet and better liquidity.

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Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Aveanna Healthcare Holdings, Inc. incurred revolving credit of $250,000,000 at Term SOFR plus an applicable margin equal to 3.75% per annum or a base rate plus maturing September 17, 2030.

Instrument: revolving credit
Principal: $250,000,000
Rate: Term SOFR plus an applicable margin equal to 3.75% per annum or a base rate plus
Maturity: September 17, 2030
Event: incurrence

Exact text from the filing

Existing Credit Agreement and incremental revolving loan commitments in an aggregate principal amount of $79,670,000, resulting in total aggregate revolving loan commitments of $250,000,000 (the "2025 Refinancing Revolving Credit Facility"), a portion of which may be used for the issuance of letters of credit and swingline loans. The Refinancing Amendment

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Aveanna Healthcare Holdings, Inc. incurred term loan of $1,325,000,000 at Term SOFR plus an applicable margin equal to 3.75% per annum or a base rate plus maturing September 17, 2032.

Instrument: term loan
Principal: $1,325,000,000
Rate: Term SOFR plus an applicable margin equal to 3.75% per annum or a base rate plus
Maturity: September 17, 2032
Event: incurrence

Exact text from the filing

The Refinancing Amendment additionally provides for the refinancing of the Existing Term Loans ("2025 Refinancing Term Loans") under the Existing Term Loan Facility (the "2025 Refinancing Term Facility") and an incremental senior secured term loan facility (the "2025 Incremental Term Facility"), with aggregate commitments increased by $439,050,000 (the "2025 Incremental Term Loans"). Combined, the 2025 Refinancing Term Loans and 2025 Incremental Term Loans aggregate to a total principal balance of $1,325,000,000 (the "2025 Term Loans")

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Aveanna Healthcare Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-25-206824

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