Apria Healthcare amends term B loan, extending maturity and lowering interest rates

By Sara Rosenberg

New York, June 10 - Apria Healthcare Group Inc. said it amended its $175 million term B loan, extending the maturity date by one year to July 20, 2008 and lowering borrowing costs by 100 basis points. Bank of America acted as agent, leading the syndicate.

All other terms of the term B loan remain unchanged.

"The lending market place continues to show confidence in Apria and recognizes our consistent performance as a leader in the home healthcare industry," said Lawrence M. Higby, president and chief executive officer of Apria, in a news release.

Apria is Lake Forest, Calif. provider of home respiratory therapy, home infusion and home medical equipment.

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