Amedisys Enters into $100 Million Unsecured Revolving Credit Facility
October 25 2007 - 7:00AM
PR Newswire (US)
BATON ROUGE, La., Oct. 25 /PRNewswire-FirstCall/ -- Amedisys, Inc.
(Nasdaq: AMED or the "Company"), one of America's leading home
health nursing companies, today announced that it has entered into
a three year $100 million unsecured revolving credit facility with
a group of banks. The credit facility also includes an accordion
feature, whereupon, at the Company's election and subject to
customary conditions described in the credit agreement, the
facility can be increased by up to an additional $100 million. CIBC
World Markets Corp. and JP Morgan Securities, Inc. acted as joint
lead arrangers. "This new $100 million credit facility provides
additional financing flexibility for the company, for general
corporate purposes and to facilitate potential acquisitions," said
William F. Borne, Chief Executive Officer of Amedisys, Inc. "While
we have a strong cash position, we also have a healthy pipeline of
acquisition opportunities. This credit facility improves our
ability to timely capitalize on those opportunities." Amedisys,
Inc. is headquartered in Baton Rouge, Louisiana. Its common stock
trades on the Nasdaq Global Select Market under the symbol "AMED".
This press release includes statements that may constitute
"forward- looking" statements, usually containing the words
"believe", "estimate", "project", "expect" or similar expressions.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from the forward-looking statements. Factors that would cause or
contribute to such differences include, but are not limited to,
continued acceptance of the Company's services in the marketplace,
competitive factors, changes in government reimbursement
procedures, dependence upon third-party vendors, and other risks
discussed in the Company's periodic filings with the Securities and
Exchange Commission. By making these forward- looking statements,
the Company undertakes no obligation to update these statements for
revisions or changes after the date of this release. Additional
information on the Company can be found at:
http://www.amedisys.com/. Contact: Amedisys, Inc. Director of
Investor Senior Vice President - Relations Finance Kevin LeBlanc
Thomas J. Dolan 225.292.2031 225.292.2031 DATASOURCE: Amedisys,
Inc. CONTACT: Kevin LeBlanc, Director of Investor Relations,
+1-225-292-2031, , or Thomas J. Dolan, Senior Vice President -
Finance, +1-225-292-2031, , both of Amedisys, Inc. Web site:
http://www.amedisys.com/
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