Aveanna Healthcare reprices credit facilities, lowers interest rates

By Chris Stiles • Thursday, May 28 10:28 • Permanent Link

Aveanna Healthcare said it has repriced its first lien credit facility and revolving credit facility, cutting applicable interest rate margins by 50 basis points.

The company said the repriced facilities also include an additional 25-basis-point reduction if the borrower secures a rating of at least B2 or B from certain credit rating agencies.

Chief Financial Officer Matt Buckhalter said the move supports efforts to strengthen the balance sheet and adds flexibility for strategic growth initiatives.

Aveanna operates in 39 states and provides pediatric and adult home-based care services, including nursing, hospice, rehabilitation, occupational nursing in schools, therapy, day treatment center services, enteral nutrition, and respite care. Today the company's shares have moved 0.76% to a price of $7.335. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.