Caretenders completes $20M credit agreement.Caretenders HealthCorp has completed a new $20 million revolving credit Revolving Credit A line of credit where the customer pays a commitment fee and is then allowed to use the funds when they are needed. It is usually used for operating purposes, fluctuating each month depending on the customers current cash flow needs. facility with BankOne Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. NA. This financing replaces credit agreement with Heller Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. and BankOne under which about $14 million in borrowing were outstanding. Borrowings can be used for working capital, acquisitions, development of new markets, and general corporate purposes. Louisville, Kentucky-based Caretenders is a $100 million (revenues) adult day health services health services Managed care The benefits covered under a health contract company. |
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