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Mainstreet Health boosts credit facility to US$300M

Mainstreet Health Investments Inc. amended its existing secured credit facility to increase its total capacity to US$300 million from US$285 million, while also extending its maturity date.

The credit facility includes a US$200 million five-year term loan and a US$100 million four-year revolving line of credit, which also has a one-year extension option. The amendment extends the maturity date by an additional two years and also extends Mainstreet's weighted average debt maturity to 5.3 years from 3.7 years.

KeyBanc Capital Markets and National Bank Financial Markets acted as joint lead arrangers and joint book runners.

KeyBank NA served as the administrative agent, while other banks in the syndicate include BMO Harris Bank, CIT Bank NA, Synovus Bank, First Financial Bank and Lake Forest Bank & Trust Co.