Nobilis Health announced it closed a $25 million debt financing facility with GE Capital, Healthcare Financial Services. This facility will be used to support Nobilis’ growth efforts, provide a new revolving line for working capital and repay certain of the company’s existing outstanding indebtedness, including the $12 million seller’s note related to Nobilis’ acquisition of Athas Health in December 2014.
“Our specialty is providing healthcare companies with flexible capital programs to help our customers expand their companies, as is the case of Nobilis Health Corp.,” said Al Aria, senior managing director of Corporate Finance at GE Capital, Healthcare Financial Services. “We look forward to continuing to support their growth strategies in the future.”
The funding of the $25 million facility, which closed on March 31, 2015, includes a $20 million term loan and $5 million revolving loan.
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!