Taking stock: LifePoint’s larger debt package

Executives at hospital operator LifePoint Health last Friday put pen to paper on a new senior secured credit agreement with a group of lenders led by Citibank. The new package of debt options includes a $700 million term loan, a $600 million revolver and up to $50 million in swingline loans.

The facility will mature in five years and will carry an interest rate of either LIBOR plus 1.75 percent or the base rate plus 0.75 percent.