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Triad Hospitals repays $33.2 million of term loan debt in first quarter 2004
By Sara Rosenberg
New York, April 20 - Triad Hospitals Inc. paid debt principal on its term loans of $33.2 million during the first quarter of 2004, using some of the proceeds from the sale of El Dorado Hospital, according to a company news release.
At March 31, cash and cash equivalents were $92.2 million, and the company had $222 million available under its $250 million revolver, which was reduced by $28 million of outstanding letters of credit.
Triad is a Plano, Texas, owner and manager of hospitals and ambulatory surgery centers.
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