Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
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Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →

Transactions & Financings: Pennant Group Expands Credit Facility; Springpoint’s $115M Refinancing – Senior Housing News

The Pennant Group (Nasdaq: PNTG) gave itself more financial flexibility a year into the coronavirus pandemic. The Eagle, Idaho-based company amended its revolving credit facility to $150 million, of which only $18.3 million was drawn as of February 22. Coupled with strong cash flow, expands Pennant’s ability to opportunistically target senior housing, home health and hospice acquisitions throughout the year, CFO Jenn Freeman said in a release announcing the expanded facility. The expansion was backed by a lending consortium arranged by Truist Bank. Sales and operator transitions Commonwealth Senior Living acquires Maryland community Commonwealth Senior Living acquired The Village at Harbor Point, a senior housing community in Salisbury, Maryland offering independent living, assisted living and memory care services.…
Learn more →