BioScrip amends credit agreement, adds $25 million senior loan facility

By Tali Rackner

Norfolk, Va., Jan. 6 – BioScrip, Inc. entered into an agreement to amend its existing credit agreement on Friday and add a new $25 million senior loan facility, according to a press release.

SunTrust Bank is the administrative agent on the deal.

The amended credit agreement includes a $25 million new senior loan facility from existing lenders, providing $19 million in incremental liquidity and a $6 million reduction in existing revolver balances.

The amendment also revised certain covenants and the commitment reduction schedule.

BioScrip is a Denver-based provider of infusion and home care management solutions.

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