Pennant Group increases credit facility by $100M to $250M, extends maturity to 2029

Pennant Group, Inc.

New $250M credit facility replaces prior $150M facility, adding $100M in borrowing capacity.
Maturity date extended to July 31, 2029, providing long-term flexibility.
Interest rates: SOFR + 1.75%-2.75% or base rate + 0.75%-1.75%, based on leverage.
Proceeds to refinance existing debt, fund acquisitions, and cover working capital.
CEO states the facility strengthens balance sheet and creates dry powder for growth.

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