Harden Healthcare receives $31.5M as part of $145M senior secured credit facility

Mar 18 2010

GE Capital, Healthcare Financial Services has provided $31.5 million as part of a $145 million senior secured credit facility for Harden Healthcare, LLC. Harden will use the proceeds of the financing to provide additional growth capital and to refinance its existing debt facilities. GE Capital is the administrative agent for the credit facility. GE Capital Markets served as co-lead arranger and joint bookrunner.

“GE’s healthcare industry expertise and experience continue to help our customers meet their overall business objectives.”

Harden Healthcare is an Austin, TX based healthcare company that provides home-healthcare services and manages skilled nursing and assisted living facilities.

“We are excited about the flexibility provided by our new credit facility and our expanded ability to invest in both de novo and acquisition opportunities,” said Lew Little, chief executive officer, Harden Healthcare, LLC. “We have enjoyed strong growth throughout our history and we look forward to continuing to add value for our patients, associates, and shareholders.”

”Customers appreciate our ability to provide significant amounts of capital when it matters most,” said Robert McCarrick, senior managing director for GE Capital, Healthcare Financial Services’ corporate finance group. “GE’s healthcare industry expertise and experience continue to help our customers meet their overall business objectives.”