Reuters, Tuesday, April 01, 1997 at 12:03
AUSTIN, Texas, April 1 (Reuter) - Prime Medical Services
Inc said Tuesday it raised its senior credit facility to $135
million from $90 million..
The increase was syndicated by Nationsbank of Texas, a
NationsBank Corp (NYSE:NB) unit, as syndication and documentation
agent, and First National Bank of Boston as administrative
agent, it said.
Ken Shifrin, chairman of Prime Medical, said the increased
facility, combined with the company's cash flow, will enhance
its ability to accelerate acquisitions of lithotripter
operations and develop new business.
Lithotripsy is a non-invasive method for treating kidney
stones with shock waves that pulverize kidney stones and allow
them to pass painlessly from the body.
Prime Medical operates 55 lithotripters in 32 staes.
Copyright 1997, Reuters News Service |
