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Pennant Group Increases Credit Facility to $250 Million

Aug 01, 2024•almost 2 years ago

Contract Type

agreement

EagleHealth Care

Description

The Pennant Group, Inc. has increased its credit facility by $100 million to an aggregate of $250 million. The borrowings are supported by a lending consortium arranged by Truist Securities. The additional funds will be used to fund acquisitions, cover working capital needs, and for other business purposes.

Company Information

Company

The Pennant Group

Location

Eagle, Idaho, United States

About

The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 104 home health and hospice agencies and 53 senior living communities located throughout the United States. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees and assets.

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