Apria seeks refi loan

Monday, March 25, 2013

LAKE FOREST, Calif. – Apria Healthcare hopes to secure a $750 million loan to refinance debt as borrowing costs remain at historic lows, according to an article from Bloomberg. A source cited in the story said the company hopes to find credit that will pay interest at 4.5 percentage points more than Libor interest rates, with a 1.25% floor to refinance 11.25% bonds.