SLR Healthcare ABL (“SLRHC”) provided financing for a $9 million asset-based revolving credit facility to an Illinois based nursing home operator (“Company”).
The Company includes four facilities with over 1,100 beds that specialize in short-term rehab, skilled nursing, and physical therapy. The transaction expands SLRHC’s existing relationship with the Company’s principals and related businesses. Proceeds of the credit facility were used to refinance existing debt and provide additional liquidity for operations.