AMN Healthcare Services, Inc., healthcare's workforce innovator and largest provider of staffing services, announced that it has refinanced its existing credit facilities.

The new credit facilities consist of a $150 million secured term loan and $225 million secured revolving line of credit. Loans under the new credit facilities bear interest at per annum floating rates that are adjusted quarterly based on the Company's leverage ratio.  Based on the Company's leverage ratio at the closing, the Company's interest rate effective April 24, 2014 will be LIBOR plus 175 basis points.  The credit facilities mature in April 2019.

"Our new credit agreement significantly reduces our average cost of debt by over 100 basis points and provides flexibility to pursue opportunistic investments in strategic healthcare workforce solutions," said Brian M. Scott, Chief Financial Officer of AMN Healthcare. "We believe the combination of a favorable financing market, AMN's financial performance and a positive long-term industry outlook made this the appropriate time to refinance our credit facilities."

According to an SEC filing, SunTrust Bank acted as administrative agent for the Lenders.

To view additional details regarding the Company's new credit agreement are set forth in its Current Report on Form 8-K, filed with the Securities and Exchange Commission, click here.