Iasis lowers loan margins

A group of banks led by Bank of America has agreed to amend the $1.3 billion loan package of local hospital operator Iasis Healthcare. The Franklin-based company will now pay a maximum margin of 3.25 percent on its LIBOR-linked loans — 50 basis points lower than before — and 2.25 percent for revolving base-rate loans, which is down from 2.75 percent. Iasis joins a number of other local players — including fellow local hospital operators LifePoint and Acadia — that have moved recently to lower their interest rates or simplify their financial structures.

SEE ALSO: Iasis' recent Q4 numbers