NovaMed says it amended credit agreements
NovaMed took out $80M senior secured credit facility, extended term to Dec. 15, 2011
- On 3:47 pm EDT, Tuesday September 1, 2009
CHICAGO (AP) -- Ambulatory surgery center operator NovaMed Inc. said Tuesday it amended its credit agreement.
NovaMed said it took out a $80 million senior secured credit facility, with a $50 million revolving credit facility and $30 million term loan facility. The company can increase the revolver to $95 million under some conditions.
NovaMed extended the duration of the credit facility to Dec. 15, 2011. If the company has repaid or refinanced its convertible senior subordinated notes by then, the term will be extended to Aug. 30, 2012.
In afternoon trading, NovaMed stock edged up 2 cents to $4.25.
Related Headlines
- NovaMed to Present at the 21st Annual Piper Jaffray Health Care Conference - Business Wire
- Averaging Down Never Looked So Good - at Investopedia
- NOVAMED INC Financials - EDGAR Online Financials
- NOVAMED INC Files SEC form 10-Q, Quarterly Report - EDGAR Online
- 4 Very Different Stocks Similar Prospects - at Investopedia
Related Blog Headlines
- BioMimetic Leads Tuesday's Healthcare Winners - at Seeking Alpha
Sponsored Links
-
Trade Stocks? Try Currency Trading
Trade in a highly trending market 24-hrs a day, 5.5 days a week. GFT. -
Earn From 1.90% to 2.20% Apply Online
With GE Capital Corporation. Not An Offer Of Securities For Sale.
-
Buy Stocks for $4
No account or investment minimums. No inactivity fees. Start Today. -
Super Cheap Car Insurance
Get Discount Car Insurance Quotes Online – Rates from $15 / Month.
Tech Ticker Recent Posts
Add Alert Copyright © 2009 The Associated Press. All rights reserved. The information contained in the AP News report may not be published, broadcast, rewritten, or redistributed without the prior written authority of The Associated Press.