Aveanna Healthcare(US:AVAH) Globenewswireยท2025-09-18 11:30Core Insights - Aveanna Healthcare Holdings Inc. has successfully closed a refinancing of its first lien credit facility, which includes refinancing $886.0 million in existing loans and an additional $439.0 million in incremental loans, increasing the revolving credit facility from $170.3 million to $250.0 million [1][2] - The maturity dates for the combined $1.325 billion first lien term loans have been extended to 2032, while the revolving credit facility's maturity has been extended to 2030 [1] - The incremental loans were utilized to fully repay existing second lien term loans amounting to $415.0 million, leading to the termination of the second lien term loan facility [2] Company Performance - The refinancing is viewed as a significant milestone in the company's ongoing momentum, enhancing liquidity and strengthening the balance sheet [3] - The Chief Financial Officer highlighted that the refinancing reflects the strong operating performance and the confidence of financing partners in the company's business [3] - The CEO emphasized the successful refinancing as a testament to the operating performance and the value of the national home care platform [3] Company Overview - Aveanna Healthcare is based in Atlanta, Georgia, and operates in 38 states, offering a wide range of pediatric and adult healthcare services, including nursing, rehabilitation, and therapy services [4] - The company provides case management services to assist families and patients in coordinating care among various healthcare providers [4] - Aveanna also offers respite healthcare services, which provide temporary relief for normal caregivers, aiming to deliver high-quality, lower-cost alternatives to prolonged hospitalization [4]