A large financial services company provided an asset-based revolving credit facility of over $100 million to subsidiaries of a large skilled nursing, memory care and rehabilitative services provider. The credit facility was divided into three separate cross-defaulted facilities, one of which involved HUD-insured properties and two of which included locations participating in the Texas Quality Incentive Payment Program.
Waller represented the financial services company in providing the credit facility to subsidiaries of the skilled nursing services provider.
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