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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News
- AdaptHealth announces refinancing of senior secured credit facility [Seeking Alpha]Seeking Alpha
- AdaptHealth Corp. to Participate in the Baird 2024 Global Healthcare ConferenceBusiness Wire
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- AdaptHealth Corp. (NASDAQ: AHCO) had its "outperform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $13.00 price target on the stock.MarketBeat
- AdaptHealth Corp. to Participate in the Canaccord Genuity 44th Annual Growth ConferenceBusiness Wire
AHCO
Earnings
- 8/6/24 - Miss
AHCO
Sec Filings
- 9/24/24 - Form 4
- 9/24/24 - Form 4
- 9/24/24 - Form 3
- AHCO's page on the SEC website