Pennant announces credit facility upsize

Eagle, idaho, feb. 23, 2021 (globe newswire) -- the pennant group, inc. (nasdaq: pntg), the parent company of operating subsidiaries that provide home health, hospice and senior living services, announced that it has amended its revolving credit facility effective today, increasing its revolving line of credit by $75 million to a total of $150 million, of which approximately $18.3 million was drawn as of february 22, 2021. the amended credit facility is supported by a lending consortium arranged by truist bank.
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