Kindred ups asset-based revolver to $900 million for Gentiva merger

By Susanna Moon

Chicago, Dec. 15 – Kindred Healthcare, Inc. said it entered into an incremental joinder to upsize its senior secured asset-based revolving credit facility to $900 million from $750 million.

The increase will be effective upon completion of the company’s planned merger with Gentiva Health Services, Inc. in the first quarter of 2015.

The pricing and other terms of the ABL facility remain unchanged, according to a company press release.

Kindred is a Louisville, Ky.-based health care services company.

Gentiva is an Atlanta-based provider of home health and hospice services.

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