Kindred Healthcare in Repricing of Credit Facility

Cleary Gottlieb represented Kindred Healthcare in the repricing of its existing $788 million senior secured term loan credit facility.

The repriced term loan facility closed on May 30, 2013 and reduced the applicable margin for LIBOR borrowings from 3.75% to 3.25% and the LIBOR floor from 1.50% to 1.00%.

Kindred Healthcare is a health care services company that operates transitional care hospitals, nursing centers, assisted living facilities and home health businesses across the United States.