debt
confidence high
sentiment neutral
materiality 0.55
Chemed enters $550M amended credit facility with $450M revolver and $100M term loan
CHEMED CORP
- Five-year $450M revolving credit facility and five-year $100M term loan.
- Interest rate is SOFR plus a tiered rate based on Chemed's leverage ratio.
- Includes an accordion feature allowing up to $250M in additional capacity.
- JPMorgan Chase acted as Administrative Agent and Joint Lead Arranger.