NextGen Healthcare Announces Closing of $300 Million Credit Facility
April 02 2018 - 5:53PM
Business Wire
Quality Systems, Inc. (NASDAQ: QSII), known to its clients as
NextGen Healthcare, announced today that on March 29, 2018, it
entered into a $300 million amended and restated revolving credit
agreement with JPMorgan Chase Bank, N.A., as administrative agent,
U.S. Bank National Association, as syndication agent, and certain
other agents and lenders. This amended facility matures on March
29, 2023 and replaces NextGen Healthcare’s prior $250 million
facility. In addition to the increase from $250 million to $300
million in potential revolving credit commitments and/or term
loans, the facility includes a $100 million accordion feature,
which could accommodate additional borrowing up to $400
million in the aggregate.
“We are pleased to enter into this expanded credit facility
which provides us with increased financial flexibility for the next
five years through additional borrowing capability at more
favorable terms compared to our previous facility,” said Jamie
Arnold, NextGen Healthcare chief financial officer.
About Quality Systems, Inc.
Quality Systems, Inc., known to its clients as NextGen
Healthcare, provides a range of software, services, and analytics
solutions to medical and dental group practices. The company's
portfolio delivers foundational capabilities to empower physician
success, enrich the patient care experience, and enable the
transition to value-based healthcare. Visit www.qsii.com and
www.nextgen.com for additional information.
Certain statements in this news release are forward-looking
statements within the meaning of the federal securities laws. These
forward-looking statements may contain the words “believe,”
“anticipate,” “continue,” “expect,” “plan,” “potential,” “predict,”
“estimate,” “outlook,” “project,” “will be,” “will continue,” “will
likely result,” or other similar words and phrases. Risks and
uncertainties exist that may cause results to differ materially
from those set forth in these forward-looking statements. Factors
that could cause the anticipated results to differ from those
described in the forward-looking statements include, but are not
limited to, market and financial conditions which may impact the
performance of the Company as well as those risks set forth in the
Company’s public filings with the U.S. Securities and Exchange
Commission, including the discussion under the heading “Risk
Factors” in the Company’s most recent Annual Report on Form 10-K
and any subsequent Quarterly Reports on Form 10-Q. The Company
expressly disclaims any intent or obligation to update these
forward-looking statements except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20180402005900/en/
Press Contact:Quality Systems, Inc.Jennifer Cohen,
949-255-2600 x74334jecohen@nextgen.comorInvestor
Contacts:Westwicke PartnersBob East or Asher
Dewhurst443-213-0500
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