Published on October 14, 2009 at 2:01 AM
Catalyst Health Solutions, Inc. (NASDAQ:CHSI), a pharmacy benefit management (PBM) company, announced today that it has entered into an amended agreement with Wachovia Bank, N.A., a Wells Fargo Company, to extend and increase its secured revolving credit facility. The new credit facility will mature on October 9, 2012 and has been increased from $50 million to $100 million.
“This amended credit facility provides Catalyst with additional financial resource to execute our acquisition plans and increase shareholder value,” said Hai Tran, Chief Financial Officer. “The expansion and extension of Catalyst’s revolving credit facility reflects our focus on maintaining financial flexibility and a solid capital foundation. We value the confidence placed in Catalyst and our long-term growth strategy.”
Source: Catalyst Health Solutions, Inc.