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Stock Market & Financial Investment News

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December 6, 2013
08:04 EDTUSPHU.S. Physical Therapy increases credit line to $125M
U.S. Physical Therapy has increased the available capacity and extended the maturity date of its bank credit facility. The commitment amount of the revolving credit agreement has been increased by $50M from $75M to $125M. The maturity date has been extended from August 31, 2015 to November 30, 2018. The loan facility is provided by Bank of America. Funds from the credit agreement may be used for working capital, acquisitions and other corporate purposes. At present there is $10.5M outstanding under the line.
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