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CHEMED CORP FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

July 2, 2014



ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT

On June 30, 2014, Chemed Corporation ("we") entered into a new senior secured credit facility pursuant to a Third Amended and Restated Credit Agreement with JPMorgan Chase Bank, National Association, as administrative agent, Bank of America, N.A., as syndication agent, U.S. Bank National Association as documentation agent and the other lenders party thereto (the "Third Amended and Restated Credit Agreement") to replace our existing facility. The Third Amended and Restated Credit Agreement includes a $350 million revolving credit facility, a $100 million amortizable term loan and a $50 million expansion feature, which may consist of term loans or additional revolving commitments. The revolving credit facility has a five-year maturity with principal payments due at maturity.

The term loan facility also has a five-year maturity. Specified principal payments are due quarterly with the outstanding balance due at maturity. Interest on both the revolving credit facility and the term facility is payable quarterly at a floating rate equal to our choice of various indexes plus a specified margin based on our leverage ratio. The interest rate at the inception of the agreement is LIBOR plus 1.25%.

ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN

OFF-BALANCE SHEET ARRANGEMENT OF A REGISTRANT

The information set forth above under Item 1.01 is hereby incorporated by reference into this item 2.03

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS



10.1 Third Amended and Restated Credit Agreement by and among Chemed Corporation,

JP Morgan Chase Bank, National Association and other lenders thereto as of June 30, 2014, exhibits and schedules thereto.



99.1 Press Release, dated July 1, 2014, of Chemed Corporation, announcing entry

into the Second Amended and Restated Credit Agreement Page 2 of 3



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Source: Edgar Glimpses


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