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.
