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Apria seeks refi loan

March 25, 2013HME News Staff

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.

Bloomberg, Libor, Refinance