Chemed Corporation Announces Five-Year Amended and Restated $550 Million Senior Secured Credit Facility

CINCINNATI–(BUSINESS WIRE)–Chemed Corporation (“Chemed”) (NYSE: CHE) announced that it has entered into $550 million of amended and restated senior secured credit facilities (“Credit Facilities”). JPMorgan Chase Bank, NA acted as administrative agent, lead left bookrunner and joint lead arranger. Bank of America, NA acted as co-syndication agent and joint bookrunner/lead arranger. PNC Bank National Association was the documentation agent.

The amended and restated credit facilities consist of a $450 million five-year revolver as well as a $100 million five-year term loan. The interest rate on the credit facilities has a variable rate which is generally the guaranteed overnight financing rate (“SOFR”) plus an additional tiered rate which varies according to Chemed’s current leverage ratio. An expansion feature is included in the credit facilities which provides Chemed with the option to increase its revolving and/or term loan by an additional $250 million.

Listed on the New York Stock Exchange and based in Cincinnati, Ohio, Chemed Corporation (www.chemed.com) operates two wholly-owned subsidiaries: VITAS Healthcare and Roto-Rooter. VITAS is the nation’s largest provider of palliative end-of-life care and Roto-Rooter is the nation’s leading provider of plumbing and drain cleaning services.

Statements in this press release or in other communications from Chemed may relate to future events or the future performance of Chemed. These statements are forward-looking statements and are based on Chemed’s current information regarding its existing business circumstances. Investors are cautioned that such forward-looking statements are subject to the inherent risk that actual results may differ materially from such forward-looking statements. Further, investors are cautioned that Chemed undertakes no obligation to update forward-looking statements based on unforeseen events or changes in expectations.