Rotech plans $160 million PIK term loan

By Sara Rosenberg

New York, March 27 - Rotech Healthcare Inc. is planning on getting a new $160 million payment-in-kind term loan due Sept. 26, 2011, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

Credit Suisse is the bookrunner and lead arranger on the deal.

Proceeds will be used to repay and terminate the company's credit facility and for general working capital purposes.

Rotech is an Orlando, Fla., provider of home medical equipment and related products and services.

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