CREDIT AGREEMENT consisting of a $850,000,000 Tranche B Term Loan Facility and a $300,000,000 Revolving Credit Facility dated as of June 1, 2011, among SELECT MEDICAL HOLDINGS CORPORATION, as Holdings SELECT MEDICAL CORPORATION, as the Borrower The...Credit Agreement • June 2nd, 2011 • Select Medical Corp • Services-specialty outpatient facilities, nec • New York
The Borrower and the Subsidiaries will (a) repay all amounts outstanding under the Borrower’s existing Credit Agreement dated as of February 24, 2005 (as amended and supplemented from time to time, the “Existing Credit Agreement”), by and among Holdings, the Borrower, certain of its subsidiaries, the banks and financial institutions named as lenders therein, JPMORGAN CHASE BANK, N.A., as Administrative Agent and Collateral Agent and the other parties thereto, and the Borrower will terminate all commitments thereunder and all liens in respect thereof shall be released; (b) the Borrower will consummate a debt tender offer in respect of the Borrower’s 75/8% Senior Subordinated Notes due 2015 (the “Existing Subordinated Notes”), pursuant to which the Borrower will repurchase at least $266,500,000 in aggregate principal amount of the Existing Subordinated Notes, all in accordance with the Offer to Purchase and Consent Solicitation Statement dated April 25, 2011 (as subsequently amended), an
