U.S. Physical Therapy Increases Credit Line to $75,000,000

U.S. Physical Therapy USPH announced today that it has increased the commitment amount of its revolving credit agreement to $75,000,000 from $50,000,000. The loan facility is provided by Bank of America and matures in August, 2015. Funds from the credit agreement may be used for working capital, acquisitions, and for other corporate purposes. At present, outstanding borrowings total $18,600,000 under the agreement.