Extendicare gets $200 million amended, restated credit facility

By Sara Rosenberg

New York, Aug. 4 - Extendicare Health Services Inc. closed on a $200 million amended and restated credit facility due July 31, 2010, according to a company news release.

The facility consists of an $86 million term loan and a $114 million revolver and contains a $15 million accordion feature for either tranche.

This new facility replaces the previous $155 million credit facility that was set to mature in 2009.

Proceeds were used to repay and terminate the company's GE Capital credit facility and will be used to repay the approximately $22 million of revenue bonds.

Extendicare is a Milwaukee-based provider of long-term care and related services.

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