Aurora Diagnostics modifies ratio requirements, reduces commitments

By Marisa Wong

Madison, Wis., Oct. 31 - Aurora Diagnostics Holdings, LLC amended its credit agreement dated May 26, 2010 with Barclays Bank plc as administrative agent to delete some interest coverage ratio requirements, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also adjusts the senior secured leverage ratio requirements to 3.00 to 1.00 from 2.75 to 1.00 beginning with the quarter ended Sept. 30.

In connection with the amendment, which became effective on Oct. 29, Aurora Diagnostics elected to partially reduce revolving commitments under the credit agreement to $60 million from $110 million.

The agreement was previously amended on Dec. 20, 2010.

The diagnostics company is based in Palm Beach Gardens, Fla.

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