Air Methods (AIRM) Closes Amended Credit Facility
Tweet
Share
E-mailGet Alerts AIRM Hot Sheet
Join SI Premium – FREE
Air Methods Corporation (Nasdaq: AIRM) has successfully closed, together with its bank group, led by KeyBank National Association (NYSE: KEY), a five-year Amended and Restated Credit Agreement.
The Amended Credit Facility is comprised of a $100 million revolving line of credit and subject to the completion of Air Methods' acquisition of Omniflight Helicopters, Inc. (Omniflight) and other standard closing conditions, a $200 million term loan. The Amended Credit Facility replaces Air Methods' current revolving line of credit of $50 million and its $50 million term loan, which were scheduled to mature in September 2012.
The Amended Credit Facility is comprised of a $100 million revolving line of credit and subject to the completion of Air Methods' acquisition of Omniflight Helicopters, Inc. (Omniflight) and other standard closing conditions, a $200 million term loan. The Amended Credit Facility replaces Air Methods' current revolving line of credit of $50 million and its $50 million term loan, which were scheduled to mature in September 2012.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Wingstop adds Penn Entertainment CEO Jay Snowden to its board
- AMTD IDEA receives NYSE non-compliance notice over ADS price
- Voya Financial warns shareholders of misleading TOMS Capital proxy filing
Create E-mail Alert Related Categories
Corporate NewsRelated Entities
KeyBancSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
