debt
confidence high
sentiment positive
materiality 0.60
Aveanna reprices $1.32B first lien debt, margin cut 50 bps; potential 25 bps more
Aveanna Healthcare Holdings, Inc.
- Entered 13th amendment to first lien credit agreement; $1.318B term loans and $250M revolver repriced.
- Interest margin reduced by 50 bps to Term SOFR+3.25% or base+2.25% (revolver margin subject to leverage).
- Additional 25 bps margin reduction upon achieving a B2/B credit rating from certain agencies.
- CFO Buckhalter said repricing reflects lender confidence and strengthens balance sheet for growth.