MedQuest amends loan, extending revolver tenor, modifying tranche sizes

By Sara Rosenberg

New York, July 12 - MedQuest Inc. amended its credit facility, extending the revolver maturity date to Jan. 31, 2009, reducing the revolver size to $25 million and increasing the term loan size to $60 million, according to an 8-K filed with the Securities and Exchange Commission Thursday.

In addition, the amendment changed levels of the financial covenants, including the addition of a capital expenditure covenant.

The amendment was completed on July 6.

Wachovia is the administrative agent on the deal.

MedQuest is an Alpharetta, Ga.-based medical imaging company.

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