Apria nixes $265 million debt offering

Monday, December 31, 2007

LAKE FOREST, Calif. – Apria last week withdrew the sale of $265 million of senior subordinated notes due to “adverse” market conditions. The provider planned to use proceeds from the offering to bankroll its acquisition of Coram. Apria will now draw on its $500 million line of credit to close the $350 million acquisition.