Almost Family Secures $75 Million Revolving Credi...( LOUISVILLE Ky. July 16 /- Almost ...),Health

LOUISVILLE, Ky., July 16 /PRNewswire-FirstCall/ -- Almost Family, Inc. (Nasdaq: AFAM), a leading regional provider of home health nursing services, today announced that it has established a new senior secured multi-bank credit facility replacing its previous facility. The credit facility is secured by substantially all of the Company's assets and the stock of its subsidiaries.
The syndication was led by J.P. Morgan Securities, Inc.

The new facility provides for:

-- Up to $75 million in borrowings with a maturity date of July 2011 -- Availability of borrowings of up to 3.0 times Earnings Before Interest Taxes Depreciation and Amortization ("EBITDA"), as defined

-- EBITDA of acquired operations to be included in the borrowing base subject to certain limits

-- An interest rate varying from Libor plus 1.60% to Libor plus 2.60% depending on leverage, and

-- An accordion feature providing for potential future expansion of the facility to $100 million

William B. Yarmuth, Chairman and CEO, commented on the new of the facility, "We are extremely excited about the achievement of this financing, our first syndicated multi-bank facility, especially given the current challenging credit market. We're very pleased that we continue to have the much appreciated and long-standing support of Chase and J.P. Morgan for our strategic development plan and happy that we now have three new financial partners as well. This new facility significantly increases our available resources to continue the pursuit of our development objectives."

About Almost Family, Inc.

Almost Family, Inc., founded in 1976, is a leading regional provider of home health nursing services, with branch locations in Florida,
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