Hanger Orthopedic Group Inc. (NYSE: HGR), Bethesda, Maryland,
announced March 14 that it has amended its existing senior secured
credit facilities to lower the applicable interest rates and modify
certain other covenants. Amended interest rates on the Term Loan B
are LIBOR plus 2.25 percent. The interest rate on the outstanding
revolving credit facility remains the same. The amendment also
provides the company with additional flexibility with regard to
certain other covenants, Hanger noted.
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