Apria Healthcare Boosts Credit Line to $50 Million
Apria Healthcare Group Inc., a Costa Mesa home health care company, said Monday it has increased its revolving credit line to $50 million from $30 million.
The company said in a news release that it also amended the credit line to extend the maturity to Sept. 30, 2002. The agreement also reduces the interest rate on borrowings by 0.75% and boosts the total amount of permitted acquisitions to $200 million from $125 million.
In addition to the available revolving line of credit, Apria has $189 million in term loans outstanding under the agreement and about $46 million in cash.
Apria, which sells respiratory therapy and home medical products, said it hasn’t drawn on its existing credit facility.
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