Pharmerica Expands Existing Credit Facility

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Pharmerica, a national provider of institutional pharmacy, specialty infusion and hospital pharmacy management services, said late Thursday that it has successfully amended its existing credit agreement to increase the company’s borrowing capacity by approximately $150 million.

Under the terms of the amended credit agreement, the revolving facility increased by $60 million and the term loan facility increased by $90 million. The amended credit agreement also increased the accordion feature, which now provides PharMerica with an incremental basket of up to $200 million. Indebtedness under the credit agreement continues to mature on Sept. 17, 2019.

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