Apria Drops Plans for Rights Offering
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Apria Healthcare Group Inc. said it has withdrawn a planned $50-million rights offering and will obtain $50 million in new funding from its bank lenders instead.
The Costa Mesa-based company, which provides home health-care services, said its bank credit agreement was amended to allow the new funding.
The agreement also allows the company to proceed with plans for $62 million in acquisitions this year, Apria said.
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