Envision Healthcare Raises $300 Million in Latest Debt Maneuver

Envision Healthcare Corp. closed a deal with lenders Friday to obtain a new $300 million loan slice and cut debt through a swap that gives some lenders less than par, according to a summary of terms reviewed by Bloomberg.

The arrangement is the struggling physician staffing firm’s latest move to gain more financial flexibility as it seeks to turn around its operations. The deal also looks to quell some controversy from an April transaction that shifted valuable assets away from some creditors, drawing lender ire. Lenders must waive their right to sue over that refinancing to participate in the ...