NationsHealth amends loan, revising covenants and pricing

By Sara Rosenberg

New York, March 28 - NationsHealth Inc. amended its credit facility, adjusting financial covenants to account for actual and projected financial results, and increasing pricing, according to a 10-K filed with the Securities and Exchange Commission Friday.

Pricing on the revolver was increased to the higher of prime plus 300 basis points or 8.25%, and pricing on the term loan was increased to the higher of prime plus 450 bps or 9.75%.

NationsHealth is a Sunrise, Fla.-based provider of medical products and prescription-related services to Medicare and managed care beneficiaries.

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