HealthStream Extends $50M Credit Facility to 2031

HealthStream, Inc. has entered into the Second Amendment to its Amended and Restated Revolving Credit Agreement, extending the maturity date to September 10, 2031. The credit facility remains at a maximum principal amount of $50 million, with an option to increase availability by up to $25 million, subject to lender commitments. Interest rates are variable, based on either a base rate or SOFR, plus an applicable margin that adjusts with the company's net funded debt leverage ratio. The amendment also includes financial covenants such as a maximum net funded debt leverage ratio of 3.00 to 1.00 and a minimum interest coverage ratio of 3.00 to 1.00.