Hanger Orthopedic Group Inc. Seeking an Amendment to Its Senior Secured Credit Facilities

Hanger Orthopedic Group Inc. recently announced that it is seeking certain amendments to its existing Senior Secured Credit Facilities that include reducing the margin over LIBOR (London Inter-Bank Offer Rate) that the company pays as interest under the existing Term Loan B. The outstanding balance on the Term Loan B is approximately $228.9 million.

“The amendment we are seeking will provide us with additional flexibility that will support our current and future growth initiatives,” said George McHenry, Hanger’s chief financial officer.

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