Rural/Metro gets loan waiver regarding delayed 10-Q filing

By Sara Rosenberg

New York, March 19 - Rural/Metro Operating Co. LLC obtained a waiver under its credit facility regarding defaults arising out of, or relating to, the company's failure to file its 10-Q for the quarter ended Dec. 31, according to an 8-K filed with the Securities and Exchange Commission Monday.

The filing has been delayed due to the previously disclosed inventory restatement relating to certain durable medical equipment within inventory.

The waiver was obtained on March 13.

Citigroup is the administrative agent on the deal.

Rural/Metro is a Scottsdale, Ariz.-based provider of medical transportation and private fire protection services.

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