Rural/Metro prepays $9 million of term B debt

By Sara Rosenberg

New York, Feb. 7 - Rural/Metro Corp. prepaid $9 million of its outstanding senior term loan B debt, according to a company news release.

Over the past nine months, the company has reduced the balance of its term loan B to $112 million through a total of $23 million in voluntary principal payments.

"We have made solid strides in a short period of time to enhance the company's capital structure and credit profile, not only through unscheduled principal payments, but also through the recent amendment to our credit facility to allow greater repayment flexibility, among other features," said Michael Zarriello, senior vice president and chief financial officer, in the release.

"We are pleased with our progress to date and remain committed to further deleveraging."

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

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