IPC amends credit agreement to include $25 million accordion feature

By Marisa Wong

Madison, Wis., Oct. 29 - IPC The Hospitalist Co, Inc. amended its credit agreement with Wells Fargo Bank, NA and Comerica Bank to provide for a $125 million secured revolving credit facility due Aug. 4, 2016 that includes an accordion feature that would expand the facility by $25 million, according to an 8-K filing with the Securities and Exchange Commission.

The company entered into the first amendment to the credit agreement on Oct. 24.

No material changes were made to the other terms and conditions of the credit agreement, the filing noted.

The North Hollywood, Calif.-based company provides hospital medicine and related facility-based services.

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