Foundation Healthcare refinances debt

Foundation Healthcare has completed a new $27.5 million term loan and a $2.5 million revolving credit facility.

The seven-year term loan is price at 30-day LIBOR plus 4.25 percent. The revolving credit facility is priced at 30-day LIBOR plus 3.75 percent.  

The new financing structure is expected to result is cash flow savings of $2 million annually.

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