Almost Family enters new 5-year $125 million revolving credit facility

Dec 8 2010

Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing services, announced today it has entered into a new five-year $125 million revolving credit facility that increases its financial flexibility through 2015 (the Facility). J.P. Morgan Securities LLC acted as sole bookrunner and sole lead arranger, while Bank of America, N.A. acted as syndication agent under the Facility which replaced the Company's previous $75 million credit facility.

William Yarmuth, Chief Executive Officer, commented, "We are extremely pleased to announce this new credit facility which furthers our ability to pursue larger acquisition opportunities.  Despite the reimbursement, regulatory and capital markets environment of the past couple of years, we remain very optimistic about our ability to deploy capital and earn quality returns for our shareholders.  We are proud that such a quality group of financial institutions has come together to provide us with this valuable capital."