Chemed renews $450 million senior secured credit facilities with five-year term
Chemed Corporation renewed its $450 million senior secured credit facilities on April 10, 2026, under a Sixth Amended and Restated Credit Agreement. The five-year revolver uses a floating SOFR-based rate with a tiered spread tied to the company's leverage ratio, and includes an option to expand the revolver by an additional $250 million. The filing describes a renewal of existing financing rather than a change in reported results.
Key points
- Five-year $450 million revolving credit facility, including $100 million for letters of credit
- Floating rate generally based on SOFR plus a tiered rate that varies with the company's leverage ratio
- Expansion feature allows Chemed to increase the revolver by an additional $250 million
- JPMorgan Chase Bank, N.A. served as Administrative Agent; Bank of America, N.A. was Syndication Agent
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 13, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.