RegionalCare lenders OK credit facility change-of-control amendment

By Sara Rosenberg

New York, Nov. 18 – RegionalCare Hospital Partners Inc. received lender approval of the change-of-control amendment to its credit facility, according to a market source.

Deutsche Bank Securities Inc. led the amendment.

The credit facility currently consists of a $75 million revolver, a $339 million first-lien term loan and a $215 million second-lien term loan.

The amendment was as a result of the pending buyout of the company by Apollo Global Management LLC from Warburg Pincus.

Closing on the buyout is expected by year-end, subject to customary regulatory reviews and approvals.

RegionalCare is a Brentwood, Tenn.-based owner and operator of regional acute care facilities.

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