Healthcare financing firm DVI of Jamison, PA, has missed an interest payment on corporate notes due to what the company called "severe liquidity constraints." The company is in default on its principal bank line of credit, and is in discussions with its lenders to resolve the crisis.
DVI said that it continued to look for financial alternatives to secure funds to make the interest payment on the notes and improve its liquidity. The company said it is in discussions with prospective lenders and other sources of funding and has received proposals for short and long-term solutions.
By AuntMinnie.com staff writersAugust 4, 2003
Related Reading
DVI default notice rescinded, firm hires new auditor, July 18, 2003
DVI gets default notice, July 16, 2003
DVI retains UBS Securities, July 1, 2003
DVI expands into Canada, April 5, 2002
DVI secures Brazilian leases, August 29, 2000
Copyright © 2003 AuntMinnie.com
