The Pennant Group Announces Expansion of Credit Facility
The Pennant Group (NASDAQ: PNTG) announced on November 5, 2025 that it added a term loan, increasing its credit facility by $100 million to an aggregate of $350 million. The incremental borrowings are supported by the company's existing lending consortium led by Truist Securities. The interest rate and maturity of the new term loan match the existing facility. Management said the amendment strengthens the balance sheet, provides added capacity to fund future growth, and that proceeds will be used to refinance a portion of outstanding revolving loans under the credit facility.
The Pennant Group (NASDAQ: PNTG) ha annunciato il 5 novembre 2025 di aver aggiunto un prestito a termine, aumentando la sua linea di credito di 100 milioni di dollari a un totale di 350 milioni di dollari. I finanziamenti aggiuntivi sono sostenuti dal consorzio di prestito esistente guidato da Truist Securities. Il tasso di interesse e la scadenza del nuovo prestito a termine coincidono con quelli della linea esistente. Secondo la direzione, l'emendamento rafforza il bilancio, aumenta la capacità di finanziare la crescita futura e i proventi saranno utilizzati per rifinanziare una parte dei prestiti rotativi in essere nell'ambito della linea di credito.
The Pennant Group (NASDAQ: PNTG) anunció el 5 de noviembre de 2025 que añadió un préstamo a plazo, aumentando su facilidad de crédito en 100 millones de dólares a un total de 350 millones de dólares. Los préstamos incrementales están respaldados por el consorcio de préstamos existente liderado por Truist Securities. La tasa de interés y el vencimiento del nuevo préstamo a término coinciden con la facilidad existente. La dirección dijo que la enmienda fortalece el balance, brinda capacidad adicional para financiar el crecimiento futuro y que los fondos se utilizarán para refinanciar una parte de los préstamos revolventes pendientes bajo la facilidad de crédito.
The Pennant Group (NASDAQ: PNTG)는 2025년 11월 5일에 만기 대출을 추가하여 신용시설을 $100 million 증가시켜 총합을 $350 million로 만들었습니다. 증가 차입은 Truist Securities가 이끄는 기존 대출 컨소시엄의 지원을 받습니다. 새로운 만기 대출의 이자율과 만기는 기존 시설과 일치합니다. 경영진은 이 수정이 대차대조표를 강화하고 향후 성장을 위한 여력을 제공하며 조달된 자금은 신용시설 아래 미상환 회전대출의 일부를 재융자하는 데 사용될 것이라고 밝혔습니다.
The Pennant Group (NASDAQ: PNTG) a annoncé le 5 novembre 2025 qu'elle a ajouté un prêt à terme, portant sa facilité de crédit de 100 millions de dollars supplémentaires pour atteindre un total de 350 millions de dollars. Les emprunts incrémentiels sont soutenus par le consortium de prêts existant dirigé par Truist Securities. Le taux d'intérêt et la maturité du nouveau prêt à terme sont alignés sur la facilité existante. La direction a indiqué que l'amendement renforce le bilan, offre une capacité accrue pour financer la croissance future et que les fonds seront utilisés pour refinancer une partie des prêts renouvelables en cours dans le cadre de la facilité de crédit.
The Pennant Group (NASDAQ: PNTG) gab am 5. November 2025 bekannt, dass es einen Term Loan aufgenommen hat, wodurch seine Kreditfazilität um 100 Mio. USD auf insgesamt 350 Mio. USD erhöht wurde. Die zusätzlichen Mittel werden vom bestehenden Kreditkonsortium unter der Leitung von Truist Securities unterstützt. Zinssatz und Laufzeit des neuen Term Loans entsprechen der bestehenden Fazilität. Das Management sagte, die Änderung stärken die Bilanz, schaffen zusätzliche Kapazität zur Finanzierung zukünftigen Wachstums, und die Erlöse würden verwendet, um einen Teil der revolvierenden Kredite unter der Kreditfazilität zu refinanzieren.
The Pennant Group (NASDAQ: PNTG) أعلن في 5 نوفمبر 2025 أنه أضاف قرضاً آجلاً، مما زاد تسهيله الائتماني بمقدار $100 مليون ليصل الإجمالي إلى $350 مليون. وتدعم القروض المتزايدة من قبل ائتلاف الإقراض الحالي بقيادة Truist Securities. سعر الفائدة ونطاق استحقاق القرض الجديد يتطابقان مع المرفق القائم. وقالت الإدارة إن التعديل يعزز الميزانية، ويوفر قدرة إضافية لتمويل النمو المستقبلي، وأن العائدات ستستخدم لإعادة تمويل جزء من القروض الدائرية المستحقة بموجب تسهيلة الائتمان.
- Credit facility increased by $100 million to $350 million
- Incremental loan has same interest rate and maturity as existing debt
- Proceeds to refinance revolver, reducing outstanding revolving loans
- Facility supported by lending consortium led by Truist Securities
- Total debt increased by $100 million
- Incremental loan does not lower interest rate or shorten maturity
EAGLE, Idaho, Nov. 05, 2025 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, today announced that the Company has added a term loan to its credit facility, increasing the facility by
“This expansion of our credit facility further strengthens our balance sheet and gives us additional capacity to fund future growth,” said Brent Guerisoli, Pennant’s Chief Executive Officer. “We will, as always, be disciplined in our use of the credit facility. The incremental capacity afforded by this amendment, when coupled with our strong cash flow and prudent leverage ratios, gives us flexibility to be opportunistic and strategic in the future.”
“We appreciate the ongoing partnership of our banking partners and their enthusiasm to support our continuing growth,” added Lynette Walbom, Pennant’s Chief Financial Officer. Ms. Walbom confirmed that the proceeds from the incremental term loan would be used to refinance a portion of the outstanding revolving loans under the credit facility.
About Pennant:
The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 141 home health and hospice agencies and 61 senior living communities located throughout Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary that has its own management, employees and assets. References herein to the consolidated "company" and "its" assets and activities, as well as the use of the terms "we," "us," "its" and similar verbiage, are not meant to imply that The Pennant Group, Inc. has direct operating assets, employees or revenue, or that any of the home health and hospice businesses, senior living communities or the Service Center are operated by the same entity. More information about Pennant is available at www.pennantgroup.com.
Contact Information
The Pennant Group, Inc.
(208) 506-6100
ir@pennantgroup.com
SOURCE: The Pennant Group, Inc.
FAQ
What did Pennant Group (PNTG) announce on November 5, 2025 about its credit facility?
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Did the incremental loan change the interest rate or maturity for PNTG?
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