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Chemed secures $450M five-year credit facility with option to expand by $250M

Company Fundamentals
13 Apr 2026
GlobeNewsWire
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Neutral
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Chemed Corporation has finalized a five-year, $450 million revolving credit facility, including $100 million for letters of credit, with JPMorgan Chase and other banks. The credit agreement features a floating interest rate tied to SOFR plus a tiered rate based on Chemed's leverage ratio. Additionally, Chemed has the option to increase the credit line by $250 million if needed. This financing supports Chemed's operations, which include its healthcare and plumbing subsidiaries, VITAS Healthcare and Roto-Rooter.

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