Rural/Metro prepays $7 million of term loan debt

By Sara Rosenberg

New York, May 16 - Rural/Metro Corp. prepaid $7 million of its term loan debt bringing the balance down to $128 million from $135 million, according to a company news release.

"We are pleased with our ongoing efforts to extend our presence in high-growth service areas and generate solid and consistent revenue growth. At the same time, we are deriving benefits from ongoing improved operating efficiencies that provide greater flexibility to selectively enter new markets," said Jack Brucker, president and chief executive officer, in the release.

"Each of these factors enables us to make progress toward our goal to improve the company's long-term liquidity through debt reduction."

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

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