AdaptHealth Corp. Announces Refinancing of Senior Secured Credit Facility Resulting in Extended Maturity and Reduced Cost of Debt
AdaptHealth Corp. - Class A (AHCO)
Company Research
Source: Business Wire
PLYMOUTH MEETING, Pa.--(BUSINESS WIRE)--AdaptHealth Corp. (NASDAQ: AHCO) (“AdaptHealth” or the “Company”), a national leader in providing patient-centered, healthcare-at-home solutions including home medical equipment, medical supplies, and related services, announced today that it has closed a $950 million senior secured credit facility, consisting of a fully funded $650 million Term Loan A (the “Term Loan”), and a $300 million revolving line of credit (the “Revolver”).Proceeds from the new $650 million Term Loan were used to fully repay, without penalty, the Company’s existing Term Loan due to reach final maturity in January 2026.The new $300 million Revolver replaces the Company’s existing $450 million revolving credit facility, which had no balance drawn at the time the Credit Facility closed. The reduced Revolver size decreases undrawn commitment fees.The interest rate pricing for the new senior secured credit facility decreased from the interest rate pricing in AdaptHealth’s
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AHCO
News
- AdaptHealth Corp. (NASDAQ: AHCO) had its price target lowered by analysts at Royal Bank of Canada from $13.00 to $11.00. They now have an "outperform" rating on the stock.MarketBeat
- AdaptHealth Corp. (NASDAQ: AHCO) had its price target lowered by analysts at Truist Financial Co. from $13.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- AdaptHealth Corp. to Participate in the Stifel 2024 Healthcare ConferenceBusiness Wire
- AdaptHealth Corp. (NASDAQ: AHCO) had its price target lowered by analysts at UBS Group AG from $13.00 to $12.00. They now have a "buy" rating on the stock.MarketBeat
- AdaptHealth Corp. (NASDAQ: AHCO) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $14.00 to $13.00. They now have a "buy" rating on the stock.MarketBeat
AHCO
Earnings
- 11/5/24 - Miss
AHCO
Sec Filings
- 11/22/24 - Form 144
- 11/15/24 - Form 4
- 11/14/24 - Form SC
- AHCO's page on the SEC website