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Article: LifePoint Hospitals, Inc. Obtains Additional Senior Financing.
- Article from:
- Business Wire
- Article date:
- August 23, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BRENTWOOD, Tenn. -- LifePoint Hospitals, Inc. ("LifePoint Hospitals") (NASDAQ: LPNT) today announced that it has exercised its right under its existing senior credit agreement dated April 15, 2005, by and among Citicorp North America, Inc., as administrative agent, and the lenders party thereto (the "Credit Agreement") to increase the availability of term loans thereunder by up to $150,000,000 and has borrowed $150,000,000 in the form of the incremental term loans thereunder. The proceeds of these incremental term loans will be used for general corporate purposes including repayment of revolving loans incurred under the Credit Agreement to finance the acquisition of ...