Rotech gets $120 million credit facility

By Sara Rosenberg

New York, Sept. 18 - Rotech Healthcare Inc. closed on a new $120 million two-year credit facility, according to a company news release.

Highland Financial Corp. acted as the lead on the deal.

The facility, which was effective as of Sept. 15, consists of a $25 million revolver and a $95 million term loan.

Proceeds from the revolver will be used for general corporate purposes, including working capital, capital expenditures and permitted acquisitions, and proceeds from the term loan are being used to refinance the company's existing credit facility and for other general corporate purposes.

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

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