CINCINNATI--(BUSINESS WIRE)--Jun. 21, 2018--
Chemed Corporation ("Chemed") (NYSE:CHE) announced that it has entered
into an Amended and Restated Credit Agreement for its Credit Facility
(“Credit Agreement”). JPMorgan Chase Bank, N.A., acted as the
Administrative Agent, JPMorgan Chase Bank, N.A., and Merrill Lynch,
Pierce, Fenner & Smith Incorporated acted as Joint Lead Arrangers and
Joint Bookrunners for this transaction. Bank of America, N.A. was the
Syndication Agent and U.S. Bank National Association was the
Documentation Agent.
Terms of the Credit Agreement consist of a five-year $450 million
revolving credit facility. The interest rate on this Credit Agreement
has a floating rate that is currently 30 day LIBOR plus 100 basis
points. An expansion feature is included in this Credit Agreement that
provides Chemed the opportunity to increase its revolver and/or enter
into term loans for an additional $150 million.
Listed on the New York Stock Exchange and headquartered in Cincinnati,
Ohio, Chemed Corporation (www.chemed.com)
operates two wholly owned subsidiaries: VITAS Healthcare and
Roto-Rooter. VITAS is the nation's largest provider of end-of-life
hospice care and Roto-Rooter is the nation's leading provider of
plumbing and drain cleaning services.
Statements in this press release or in other Chemed communications may
relate to future events or Chemed's future performance. Such statements
are forward-looking statements and are based on present information
Chemed has related to its existing business circumstances. Investors are
cautioned that such forward-looking statements are subject to inherent
risk that actual results may differ materially from such forward-looking
statements. Further, investors are cautioned that Chemed does not assume
any obligation to update forward-looking statements based on
unanticipated events or changed expectations.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180621006220/en/
Source: Chemed Corporation
Chemed Corporation
David P. Williams, 513-762-6901