Health and Fitness Health and Fitness
Thu, June 24, 2010
Wed, June 23, 2010
Tue, June 22, 2010
Mon, June 21, 2010
Sun, June 20, 2010
Fri, June 18, 2010
Thu, June 17, 2010
Wed, June 16, 2010
Tue, June 15, 2010
Mon, June 14, 2010
Sat, June 12, 2010
Fri, June 11, 2010
Thu, June 10, 2010
Wed, June 9, 2010
Tue, June 8, 2010
[ Tue, Jun 08th 2010 ] - Market Wire
O.C. Beverages Products Arrive
Mon, June 7, 2010

InfuSystem Announces New Credit Facility


//health-fitness.news-articles.net/content/2010/ .. 15/infusystem-announces-new-credit-facility.html
Published in Health and Fitness on Tuesday, June 15th 2010 at 10:40 GMT by Market Wire   Print publication without navigation


MADISON HEIGHTS, MI--(Marketwire - June 15, 2010) - InfuSystem Holdings, Inc. (OTCBB: [ INHI ]) (OTCBB: [ INHIW ]) (OTCBB: [ INHIU ]), announced today that the Company has entered into a new credit facility, consisting of a $30 million 4-year term loan and a $5 million revolving credit facility which matures in 2014.

Proceeds from the new term loan have been used to repay the outstanding balance of the Company's debt held by Kimberly-Clark (formerly I-Flow). The revolving credit facility has been established to help finance future growth opportunities.

Sean McDevitt, Chairman and CEO, said "We are pleased with the terms of our new credit facilities. These facilities will provide us with more flexibility to continue to grow our business internally and opportunistically through acquisitions."

Bank of America, N.A. is serving as Administrative Agent, KeyBank National Association is serving as Documentation Agent, and the two banks are serving as Joint Arrangers and Book Runners.

About InfuSystem Holdings, Inc.
InfuSystem is the leading supplier of infusion services to oncologists and other outpatient treatment settings. The Company provides pole mounted and ambulatory pumps, supplies and related clinical, biomedical and billing services to practices and patients, nationwide. The Company's unique suite of services appeals to practices, patients and payors by improving access to clinically necessary medical equipment, while driving down costs and maximizing clinical outcomes.


Publication Contributing Sources