Addus HomeCare Corporation has executed a credit agreement that expands its credit facilities to $100 million from $55 million previously. Under the new modified credit agreement, Addus has access to a term loan of up to $25 million, with the remaining $75 million available as a revolving credit facility. The Company has not accessed the term loan to date and currently has $58.3 million available under the revolving credit facility. The credit agreement has an accordion feature that enables the credit facility to be expanded to a total of $150 million, with access to a term loan of up to $25 million and with the remaining $125 million available as a revolving credit facility.

An SEC 8-K filing names Fifth Third as adminstrative agent on this facility.

Addus is a comprehensive provider of home and community-based services that are primarily personal in nature, provided in the home and focused on the dual eligible population. Addus' services include personal care and assistance with activities of daily living, and adult day care.