Treatment center operator Radiation Therapy Services said that it has executed an amendment to its senior secured credit facility that reduces interest expense and expands its revolving credit commitment to $80 million from $70 million.
The Fort Myers, FL-based firm said it had paid off $22.8 million of its outstanding balance from a Term B loan by increasing its Term A loan and drawing on the revolver, which reduced its interest rate spread by 175 basis points.
By AuntMinnie.com staff writers
October 11, 2004
Related Reading
Radiation Therapy Services buys two NJ centers, September 22, 2004
Radiation Therapy Services sets sights on NJ, September 8, 2004
Radiation Therapy Services revenues up in Q2, August 6, 2004
Radiation Therapy Services prices IPO, June 18, 2004
Radiation Therapy Services to launch IPO, April 20, 2004
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