LOUISVILLE, Ky., March 9, 2012 (GLOBE NEWSWIRE) -- ResCare, Inc. today announced that the Company has initiated a process to syndicate new senior secured credit facilities to replace its existing senior secured revolving credit facility and fund the repayment of its Term Loan B credit facility. The Company plans to syndicate $350 million senior secured credit facilities, comprised of a $175 million senior secured Term Loan A credit facility and a $175 million senior secured revolving credit facility, both of which will mature in April 2017. The facilities are expected to close in April 2012, subject to market and other customary conditions.
About ResCare
Based in Louisville, Kentucky, ResCare is a human services company that provides residential, therapeutic, job training and educational supports to people with developmental or other disabilities, to seniors who need in-home care, to youth with special needs and to adults who are experiencing barriers to employment. ResCare and its nearly 45,000 dedicated employees serve some 57,000 people daily in 42 states, Washington, D.C., Puerto Rico and Canada. For more information about ResCare, please visit the Company's website at www.rescare.com.