BackSummary
Chemed Corporation renewed its $450 million senior secured revolving credit facility with a five-year term and $250 million expansion option.
Key takeaways
- Entered Sixth Amended and Restated Credit Agreement dated April 10, 2026, effective via 8-K filed April 13, 2026.
- $450 million revolving facility including $100 million letters of credit sublimit; five-year term to April 10, 2031.
- Interest at SOFR plus tiered spread (0%-1.75%) based on leverage ratio; commitment fee 0.125%-0.250%.
- Expansion feature allows increase up to additional $250 million.
- JPMorgan Chase as Administrative Agent; Bank of America as Syndication Agent; PNC and U.S. Bank as Co-Documentation Agents.