Envision Healthcare Inks Debt Deal with Lenders Amid Turnaround

Envision Healthcare Corp. agreed to a deal with its lenders that will cut the company’s borrowing costs in the midst of a turnaround for the business.

The physician staffing firm will refinance its roughly $400 million term loan into a $295 million term loan, according to people familiar who asked not to be identified discussing a private matter. The new loan will be priced at 6.5 percentage points over SOFR at a discount of 99 cents on the dollar, which is cheaper than the original loan, the people added.

Envision will also get a roughly $170 million asset-based lending facility, ...