Bristol Hospice secures $144 million first-, second-lien facilities

By Marisa Wong

Morgantown, W.Va., Sept. 13 – Bristol Hospice LLC obtained a $115 million first-lien credit facility and a $29 million second-lien credit facility, according to a press release.

CIT Group Inc.’s healthcare finance business acted as administrative agent and lead arranger for the first-lien facility and lead arranger for the second-lien facility.

The loans will be used to finance Bristol’s acquisition of two additional hospice providers and to provide ongoing working capital.

Based in Salt Lake City, Bristol provides hospice and palliative care services in the South and West.

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