ATI Physical Therapy Completes Transaction Support Agreement To Increase Liquidity And Financial Flexibility
Portfolio Pulse from Benzinga Newsdesk
ATI Physical Therapy (NYSE:ATIP) has completed its Transaction Support Agreement (TSA) to increase liquidity and financial flexibility. The TSA enables ATI to obtain a $25 million delayed draw facility and exchange $100 million of first lien term loan into new second lien PIK exchangeable notes.
June 15, 2023 | 8:07 pm
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ATI Physical Therapy has completed its TSA, increasing liquidity and financial flexibility. This move is expected to fuel the company's return to growth.
The completion of the TSA provides ATI Physical Therapy with increased liquidity and financial flexibility, which is expected to fuel the company's return to growth. This move demonstrates the confidence of ATI's largest shareholders in the company's growth potential and strategic plan. As a result, the stock price of ATIP is likely to go up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100