Brief: CPSI Announces Refinancing Of Credit Facilities To Create Flexibility For More Opportunistic Future Uses Of Capital

Trubridge

18/06/2020 21:19

June 18 (Reuters) - Computer Programs and Systems Inc
 CPSI.O :
    * CPSI ANNOUNCES THE REFINANCING OF CREDIT FACILITIES TO
CREATE
FLEXIBILITY FOR MORE OPPORTUNISTIC FUTURE USES OF CAPITAL AND
PROVIDES UPDATE ON CURRENT MARKET CONDITIONS
    * CPSI -  ANNOUNCED REFINANCING OF EXISTING CREDIT
FACILITIES BY
ENTERING INTO AN AMENDED & RESTATED CREDIT AGREEMENT
    * COMPUTER PROGRAMS AND SYSTEMS - CREDIT AGREEMENT INCREASES
MAXIMUM BORROWING CAPACITY UNDER REVOLVING CREDIT FACILITY TO
$110 MILLION
    * CPSI - CREDIT AGREEMENT  DECREASES AMOUNT OUTSTANDING
UNDER TERM
LOAN FACILITY FROM $87 MILLION TO $75 MILLION

Source text for Eikon:  ID:nBwbdxQVta 
Further company coverage:  CPSI.O 

 ((Reuters.Briefs@thomsonreuters.com;))