Privia Health inks $125 million five-year secured revolving facility

By Mary-Katherine Stinson

Lexington, Ky., Nov. 21 – Privia Health Group, Inc., PH Group Holdings Corp. and Privia Health, LLC entered into a credit agreement on Nov. 16 establishing a $125 million five-year senior secured revolving credit facility, according to an 8-K filing with the Securities and Exchange Commission.

The facility expires in November 2028.

Based on the company's consolidated total leverage ratio, interest will be between SOFR plus 125 basis points and 175 bps. The commitment fee will be between 20 bps and 30 bps.

The proceeds may be used for capital expenditures, expenses related to transactions and general corporate purposes.

The parties paid customary fees and expenses in connection with obtaining the facility.

Wells Fargo Bank, NA is the administrative agent, swingline lender and issuing lender.

Wells Fargo Securities, LLC and U.S. Bank NA are joint lead arrangers and joint bookrunners.

Arlington, Va.-based Privia Health is a technology-driven, national physician enablement company that collaborates with medical groups, health plans and health systems.

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