Accendra Health Signs Multiple Financing Agreements
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Accendra Health has signed multiple financing agreements, including an Amended & Restated Receivables Purchase Agreement with PNC Bank for up to $150 million, effective until October 18, 2027. This agreement allows for the removal of sold receivables from the balance sheet, enhancing liquidity. Additionally, the company executed a Second Amended and Restated Purchase and Sale Agreement with Byram and a Performance Guaranty with PNC Bank, both also effective until October 18, 2027, to support its receivables program and subsidiary performance.
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