The Ensign Group, Inc. has entered into a Fourth Amended and Restated Credit Agreement, increasing its revolving credit facility by $200.0 million to a total of $800.0 million. The agreement also extends the maturity date of the facility to August 19, 2031.
Key Details
- New Facility Size: The revolving credit facility was increased to an aggregate principal amount of up to $800.0 million, an increase of $200.0 million from the previous agreement.
- Extended Maturity: The maturity date for the credit facility has been extended to August 19, 2031.
- Interest Rate Terms: Borrowings will bear interest at either a base rate plus a margin (0.25% to 1.00%) or Term SOFR plus a margin (1.25% to 2.00%), with the applicable margin determined by the company's leverage ratio.
- Administrative Agent: The agreement was entered into on August 19, 2026, with a lending consortium arranged by Truist Bank, which serves as the administrative agent.