KING OF PRUSSIA, Pa., March 7 /PRNewswire-FirstCall/ -- Universal Health
Services, Inc. (NYSE: UHS) announced today that it has replaced its
$400 million unsecured line of credit which was scheduled to expire on
December 13, 2006 with a new $500 million unsecured line of credit effective
March 4, 2005. The new $500 million line of credit bears interest at the
London Inter-Bank Offer Rate (LIBOR) plus a spread of 40 to 100 basis points
including a facility fee which is determined based on our credit ratings from
Standard & Poor's and Moody's Investors Service, Inc. Based on our current
credit ratings, our pricing is LIBOR plus 62.5 basis points which results in a
62.5 basis point improvement in pricing compared to the previous $400 million
line of credit.
JPMorgan Chase Bank, N.A. serves as Administrative Agent, Bank of America,
N.A. serves as Syndication Agent and ABN AMRO Bank N.V., SunTrust Bank and
Wachovia Bank, National Association serve as Co-Documentation Agents.
Universal Health Services, Inc. is one of the nation's largest hospital
companies, operating acute care and behavioral health hospitals, ambulatory
and radiation centers nationwide, in Puerto Rico and in France. It acts as
the advisor to Universal Health Realty Income Trust, a real estate investment
trust (NYSE: UHT).
Certain statements in this release may constitute forward-looking
statements and are subject to various risks and uncertainties as discussed in
the Company's filings with the Securities and Exchange Commission. The
Company is not obligated to update these forward-looking statements even if
the Company's assessment of these risks and uncertainties changes.
For additional information on the Company, visit our website:
SOURCE: Universal Health Services, Inc.
CONTACT: Steve Filton, Chief Financial Officer, Universal Health
Company News On-Call: http://www.prnewswire.com/comp/916225.html
Web site: http://www.uhsinc.com