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ENSG - The Ensign Group announces new $600M credit facility
The Ensign Group Inc.
The Ensign Group (NASDAQ:ENSG) and its subsidiaries increased their credit facility by $250M to an aggregate of $600M. The new facility matures on April 8, 2027 and includes a $400M incremental expansion option, among other things. The proceeds will be used for refinancing some existing borrowings, fund acquisitions, renovate and upgrade existing and future facilities, cover working capital needs and for other business purposes.