OnCURE amends loan, adds subordinated facility to capital structure

By Sara Rosenberg

New York, Feb. 17 - OnCURE Medical Corp. amended its senior secured credit facility with Merrill Lynch Capital and added a subordinated credit facility with MCG Capital and Ares Capital for a total of $125 million, according to a company news release.

Proceeds were used to refinance the company's debt, acquire the outstanding stock of Coastal Radiation Oncology Medical Group Inc. and will provide for additional acquisitions and working capital.

OnCURE is a Newport Beach, Calif.-based provider of outpatient radiation therapy services.

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