Rotech seeks waiver/amendment of fixed-charge ratio

By Sara Rosenberg

New York, May 4 - Rotech Healthcare Inc. is negotiating with lenders a waiver or an amendment to its credit facility to fix non-compliance with the fixed-charge ratio as of March 31, according to a company news release.

As of May 2, the company had $19 million outstanding under its revolver and $12.7 million committed under letters of credit, as well as $42.1 million outstanding under its term loan facilities.

Rotech is an Orlando, Fla.-based provider of home respiratory care and durable medical equipment and services to patients with breathing disorders.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.