InfuSystem Announces New $45 Million Credit Facility At Substantially Lower Rates

InfuSystem Holdings, Inc. (NYSE MKT: INFU), a leading national provider of infusion pumps and related services for the healthcare industry in the United States and Canada, announced today it has secured a new $45.0 million credit facility with JPMorgan Chase Bank N.A., and has retired its previous $36.5 million credit facility with its prior lender group.  Effective March 23, 2015, the Company entered into the new five-year senior secured credit agreement comprised of a $10.0 million asset-based revolver, a $27.0 million Senior Term A Loan and an $8.0 million Senior Term B Loan.  The credit facility allows the election of a floating interest rate (currently at 3.00%), or fixed LIBOR rates (currently at 2.68%), substantially below the cost of the prior credit facility.  At closing the Company had $10.0 million available on the revolver with zero drawn.  Only the Senior Term A Loan was funded at closing in the amount of $27.0 million.  Term B Loan can be drawn under certain conditions within the next 364 days. No funds were drawn at closing. "The operational and financial progress achieved in the past 10 profitable quarters set the stage for the completion of this See full press release