Financial Wire

Chemed Signs $450 Million Amended, Restated Credit Agreement

-- Chemed (CHE) said Monday it has signed an amended and restated agreement for its credit facility.

The terms of the agreement comprise a $450 million five-year revolving credit facility including $100 million for letters of credit, the company said.

The interest rate of the credit agreement has a floating rate that is generally the secured overnight financing rate, or SOFR, plus an additional tiered rate linked to the company's current leverage ratio, Chemed said.

The credit agreement also has an expansion feature allowing the company to increase the revolving facility by an extra $250 million, it said.

Price: $386.01, Change: $+0.17, Percent Change: +0.04%

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