Porter Hedges Represents U.S. Physical Therapy in $450 Million Credit Facility

Porter Hedges recently represented U.S. Physical Therapy, Inc. (“USPH”) (NYSE, NYSE Texas: USPH) in the closing of a $450 million senior credit facility that includes a $175 million term loan and a $275 million revolver. The new credit facility is an increase and extension of USPH’s previous $325 million credit facility.

Founded in 1990, USPH is a national operator of outpatient physical therapy clinics and provider of industrial injury prevention services and owns and/or manages 780 outpatient physical therapy clinics in 44 states. USPH clinics provide preventative and post-operative care for a variety of orthopedic-related disorders and sports-related injuries, treatment for neurologically-related injuries, and rehabilitation of injured workers.

For additional details, see the USPH press release here.