April 6, 2010 (FinancialWire) — Healthways, Inc. (NASDAQ: HWAY) said it has secured a two-year extension of its revolving credit facility to a new maturity date of December 1, 2013.

According to the company, availability during the two-year extension beginning December 1, 2011 will be $345 million, including a swingline sub facility that has been increased to $20 million from $10 million and a $75 million sub facility for letters of credit.

As a result of this extension, which became effective March 30, the interest rate on the company’s outstanding borrowings under the revolving credit facility will increase by around 100 basis points, while the cost of undrawn commitments will increase by around 12.5 basis points.

Healthways said its financial guidance for 2010 remains unchanged as a result of the extension.

Tennessee-based Healthways is the provider of specialized healthcare programs delivered to consumers by phone, mail, internet and face-to-face interactions, both domestically and internationally.

The company also provides a national alternative Health Provider Network and a national Fitness Center Network, offering access to individuals who seek health services outside of, and in conjunction with, the traditional healthcare system.

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