April 22, 2018 8:17 AM ET

Healthcare Providers and Services

Company Overview of AMN Healthcare, Inc.

Company Overview

AMN Healthcare, Inc. provides travel nurse staffing services in the United States. The company provides locum temporary physician staffing and permanent placement services for physicians and clinicians. It recruits nurses, physicians, and allied healthcare professionals at acute-care hospitals and healthcare facilities. The company was founded in 1985 and is based in San Diego, California. It has additional offices in Dallas, Texas; Denver, Colorado; Ft. Lauderdale, Florida; Savannah, Georgia; and Charlotte, North Carolina. AMN Healthcare, Inc. operates as a subsidiary of AMN Healthcare Services, Inc.

12400 High Bluff Drive

San Diego, CA 92130

United States

Founded in 1985

Phone:

866-871-8519

Fax:

800-282-1211

Key Executives for AMN Healthcare, Inc.

AMN Healthcare, Inc. does not have any Key Executives recorded.

AMN Healthcare, Inc. Key Developments

AMN Healthcare, Inc. Presents at Staffing Industry Analysts' Executive Forum 2018, Mar-01-2018 11:15 AM

AMN Healthcare, Inc. Presents at Staffing Industry Analysts' Executive Forum 2018, Mar-01-2018 11:15 AM. Venue: Fontainebleau Hotel, Miami, Florida, United States. Speakers: Ralph Henderson, President, Professional Services and Staffing.

AMN Healthcare, Inc. Enters into Credit Agreement

On February 9, 2018, AMN Healthcare Services, Inc. entered into a Credit Agreement by and among (1) the Company, as a guarantor, (2) AMN Healthcare, Inc., as borrower, (3) certain subsidiaries of the Borrower, as guarantors, (4) the several lenders from time to time party thereto, as lenders (the Lenders), and (5) SunTrust Bank, as administrative agent for the Lenders, to provide for a credit facility consisting of a $400 million secured revolving credit facility that includes a $50 million sublimit for the issuance of standby letters of credit and a $50 million sublimit for swingline loans. In addition, the Credit Agreement provides that the Borrower may from time to time obtain an increase in the Revolver or the issuance of an incremental term loan or both in an aggregate principal amount not to exceed (A) $250 million plus (B) an additional amount (but without giving effect to any amount incurred simultaneously under the preceding clause (A)) such that, after giving effect to the incurrence of such additional amount the Consolidated Secured Net Leverage Ratio (as calculated in accordance with the Credit Agreement) is no greater than 2.25 to 1.00, subject to, among other conditions, the arrangement of additional commitments with financial institutions reasonably acceptable to the Borrower and the Administrative Agent. Loans under the Credit Facility bear interest at per annum floating rates based upon, at the selection of the Borrower, either (1) a London Interbank Offered Rate (LIBOR) for the maturity period equal to the interest period selected by the Borrower for the applicable loan plus a spread of 1.00% to 2.00% or (2) a base rate (which generally equals the greatest of (x) the rate publicly announced by the Administrative Agent as its prime rate, (y) the federal funds rate plus 0.5% and (z) one-month LIBOR plus 1.0%) plus a spread of 0.00% to 1.00%. The applicable spread for LIBOR and base rate loans depends on the Company's Consolidated Net Leverage Ratio, as calculated quarterly in accordance with the Credit Agreement. The Revolver carries an unused fee of 0.20% to 0.35% per annum and each standby letter of credit issued under the Revolver is subject to a letter of credit fee ranging from 1.00% to 2.00% per annum of the average daily maximum amount available to be drawn under the standby letter of credit, in each case, depending on the Company's Consolidated Net Leverage Ratio, as calculated quarterly in accordance with the Credit Agreement.

AMN Healthcare, Inc. Announces Pricing of Senior Notes Offering

AMN Healthcare Services, Inc. announced that AMN Healthcare, Inc. priced its previously announced private offering of senior notes due 2024 and increased the offering size from $300 million to $325 million. The Senior Notes will bear an interest rate of 5.125% per annum and will be issued at 100.00% of their face value. The Senior Notes will be guaranteed by the company's affiliates that guarantee the company's credit facilities. The company intends to use the proceeds from the private offering to repay $138.4 million of certain existing term loan indebtedness under the company's credit facilities, and $182.5 million under the revolving portion of its credit facilities and pay fees and expenses related to the offering. The offering is expected to close October 3, 2016, subject to satisfaction of customary closing conditions.

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