NXGN - NextGen announces amended credit facility of $300 million

NextGen Healthcare ([[NXGN]] -2.0%) announced that the company entered into an agreement for a second amended revolving credit agreement of $300M on March 12, 2021, replacing its previous facility of equal value.With a $150M “accordion” feature, the amended facility that matures in 2026 will allow the company to borrow up to $450M in total, a statement from the company said.“We are pleased to enter into this amended 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,” noted NextGen CFO Jamie Arnold.The company is set to host a virtual Investor event today from 1.00 – 3.00 PM EST.

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NextGen announces amended credit facility of $300 million