Rural/Metro Enters Into Amendment and Waiver to Its Senior Credit Facility; Provides Restateme... ( SCOTTSDALE Ariz. Oct. 17 /- Rural...)

Rural/Metro Enters Into Amendment and Waiver to Its Senior Credit Facility; Provides Restatement Details

Date:10/17/2007

SCOTTSDALE, Ariz., Oct. 17 /PRNewswire-FirstCall/ -- Rural/Metro Corporation (Nasdaq: RURL) announced today that it has entered into an amendment and waiver to its senior secured credit facility effective September 1, 2007.

The amendment and waiver were required as a result of the Company's delay in filing its 2007 Annual Report on Form 10-K due to a restatement relating to financial reporting for several items, including income taxes, a retirement plan match, operating leases and subscription revenue. The agreement waives any defaults that existed under the credit agreement. The Company has paid an amendment and waiver fee of $733,000 to its lenders.

The Company's senior secured credit facility includes the $83.0 million Term Loan B, the undrawn $20 million revolving credit and the $45.0 million letter of credit facility, all due in 2011.

Additionally, the Company sought from its lenders certain financial covenant relief contained in the credit agreement, including total leverage ratio, interest expense coverage ratio and fixed charge ratio in order to provide additional operational flexibility.

The Company also obtained consent to the sale of real property due to favorable market conditions for commercial properties, on the basis that 100.0% of net proceeds will be used to repay the Term Loan B.

As a result of these provisions, the Company agreed to an increase in the applicable margin over LIBOR to 350 basis points, from 225 basis points on the Term Loan B, as well as an increase in the applicable margin to 350 basis points, from 225 basis points on the letter of credit facility. The Company anticipates related annual interest expense will increase approximately $1.6 million as a resul
'/>"/>

SOURCE Rural-Metro Corporation
Copyright©2007 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5
Related medicine news :

1. RANBAXY - enters anti-AIDS segment
2. Medicis Pharmaceutical company enters pediatric market
3. ZYDUS enters female health care segment
4. Risk of allergy more to children staying in day care centers
5. Walk-In Health Centers Launched By The NHS For Commuters
6. Primary Care centers to provide out patient treatment
7. Free HIV Tests Brings Crowd to the Testing Centers
8. More Doctors Suspended As Strike Enters Seventh Day
9. Doctors Strike In Andhra Enters The Second Day
10. NACO to Introduce 400 Additional AIDS/HIV Screening Centers
11. Anti-Quota Stir: Stalemate Continues; Fast Enters 10th Day

Post Your Comments:

(Date:5/22/2013)... SAN FRANCISCO Researchers in genomic health disparities from ... the Stanford University School of Medicine have teamed up ... Conference to Eliminate Health Disparities in Genomic Medicine." ... role of nonprofits, business and government to reduce these ... of the United States, individuals within underserved groups continue ...

(Date:5/22/2013)... , , WEDNESDAY, May 22 (HealthDay News) -- Migraines and ... but new research indicates the combination of the two ... smaller brain. , , Already aware that people with ... to determine if having both conditions together affected total ... percent -- isn,t alarming, study authors said, but needs ...

(Date:5/22/2013)... York, US (PRWEB) May 22, 2013 ... Awards , Read the press release here: http://bit.ly/13DkFfk ... Merrill DataSite® was named “Information Management Product/Service of the ... held in March at The Colony Hotel in Palm ... secure virtual data room (VDR) solution that ...

(Date:5/22/2013)... Recent tragedies including the Oklahoma tornado, ... in Newtown, Connecticut all resulted in serious, and ... medical practitioners train to respond to both adult ... for Children (EMSC) Program specifically provides instruction, education ... patients. It is estimated 30 million children will ...

(Date:5/22/2013)... Registered Dietitian and Founder of Tatalou Science ... sharing a recipe for making energy bars at home. , ... ,” takes a recipe modified from one recently featured ... day it gets more and more difficult to understand what ... size of the nutrition label continues to grow and consumers ...

Breaking Medicine News(10 mins):Health News:Why We Can't Wait: Conference to Eliminate Health Disparities in Genomic Medicine 2 Health News:Having Both Migraines, Depression May Mean Smaller Brain 2 Health News:Having Both Migraines, Depression May Mean Smaller Brain 3 Health News:Merrill DataSite New Press Release: Merrill DataSite® Virtual Data Room Honored as “Information Management Product/Service of the Year” 2 Health News:Merrill DataSite New Press Release: Merrill DataSite® Virtual Data Room Honored as “Information Management Product/Service of the Year” 3 Health News:When Tragedies Impact Children – Kentucky Emergency Medical Services for Children (KYEMSC) Offers Specialized Training for Pediatric Emergency Care 2 Health News:How To "Make Your Own Healthy Energy Bars" 2

[0] Why We Can't Wait: Conference to Eliminate Health Disparities in Genomic Medicine [0] Having Both Migraines, Depression May Mean Smaller Brain [0] Merrill DataSite New Press Release: Merrill DataSite® Virtual Data Room Honored as “Information Management Product/Service of the Year”[0] When Tragedies Impact Children – Kentucky Emergency Medical Services for Children (KYEMSC) Offers Specialized Training for Pediatric Emergency Care [0] How To "Make Your Own Healthy Energy Bars"

... NEW YORK, Sept. 3 As millions of teens head back ... , , Teens are at a greater risk of ... largely to lack of experience. Many of those crashes could be avoided ... group that produces free driver education programs. , , ...

... This release is available in German . ... weeks before surgery can halve their risk of poor wound ... Efficiency in Health Care (IQWiG) concludes in information published on ... of stress is not easy "It is not easy ...

... 3, 2009) National Cancer Institute (NCI) has renewed ... grant in prevention, diagnosis and treatment of ovarian cancer, ... and the University of Pennsylvania. First approved in ... Fox Chase-Penn Ovarian SPORE. "The SPORE program has always ...

... , , , NEW YORK, Sept. ... in its catalogue. , , U.S. Markets ... http://www.reportlinker.com/p0109210/US-Markets-for-Addiction-and-Substance-Abuse-Treatment.html , , ... , This BCC Research report details the complicated world ...

... , NEW YORK, Sept. 3 , , ... catalogue. , , Healthcare Information Technology ... This Report: , , , ... care IT technologies , Forecasts trends and sales ...

... , , , LANSING, Mich., ... Michigan is launching a television awareness campaign this holiday weekend ... , "Mental illness can be treated and most ... the support of their family and friends," said Sherri Solomon, Executive ...

Back to School Brings Risks to Young Drivers; Traffic Crashes Leading Cause of Teen Death, Says National Road Safety Foundation It pays to quit smoking before surgery NCI renews Fox Chase / Penn Ovarian Cancer 'SPORE' grant for a third 5-year term Reportlinker Adds U.S. Markets for Addiction and Substance Abuse Treatment Report Reportlinker Adds Healthcare Information Technology Report National Alliance on Mental Illness (NAMI Michigan) Launches TV Awareness Campaign

(Date:5/22/2013)... 22, 2013 STEPh, Inc., a full service ... of their web site ( http://www.stephreports.com ) ... About STEPh Reports STEPh Reports are ... Each STEPh Report assesses the competitive landscape by ... year, company, and specific key issues. STEPh Reports are ...

(Date:5/22/2013)... May 22, 2013 Upsher-Smith Laboratories, ... of its global Phase III clinical trial ... program for the management of epilepsy in ... USL255 is specifically engineered to provide convenient ... blood levels observed with currently available treatment ...

(Date:5/22/2013)... 22, 2013 MEDIFIRST SOLUTIONS, INC. (OTCQB: MFST) ... about some recent company developments. As Medifirst continues to ... communication with shareholders. Integrating social media into its investor ... and will post updates on Twitter. The Facebook homepage ... Says CEO Bruce J. ...

Breaking Medicine Technology:Scientific and Technical Evaluation of Pharmaceuticals, Inc. [STEPh, Inc.], Launches New Competitive Intelligence Web Site 2 Upsher-Smith Successfully Completes Phase III Study Of USL255 (Extended-Release Topiramate) For Adjunctive Treatment Of Epilepsy In Patients With Refractory Partial-Onset Seizures 2 Upsher-Smith Successfully Completes Phase III Study Of USL255 (Extended-Release Topiramate) For Adjunctive Treatment Of Epilepsy In Patients With Refractory Partial-Onset Seizures 3 Upsher-Smith Successfully Completes Phase III Study Of USL255 (Extended-Release Topiramate) For Adjunctive Treatment Of Epilepsy In Patients With Refractory Partial-Onset Seizures 4 Medifirst Solutions, Inc. Announces Update To Shareholders 2

[0] Scientific and Technical Evaluation of Pharmaceuticals, Inc. [STEPh, Inc.], Launches New Competitive Intelligence Web Site [0] Upsher-Smith Successfully Completes Phase III Study Of USL255 (Extended-Release Topiramate) For Adjunctive Treatment Of Epilepsy In Patients With Refractory Partial-Onset Seizures [0] Medifirst Solutions, Inc. Announces Update To Shareholders

... CARSON CITY, Nev., Dec. 21, 2011 Denali Concrete ... has commenced patient enrollment for a phase 3 clinical ... administered orally, in patients with moderate-to-severe Dry Eye Syndrome. ... States, Europe and Israel. The randomized, double-masked clinical trial ...

... and BEDMINSTER, N.J., Dec. 20, 2011 QRxPharma Limited (ASX: QRX ... of Intent (LOI) with Actavis Inc. for the formation of ... acute pain marketplace. MoxDuo IR is a patented ... Inc. is a subsidiary of Actavis Group, hf a privately ...

Cached Medicine Technology:Denali Concrete Management Inc. Announces the Commencement of Patient Enrollment for the Phase 3 Dry Eye Syndrome Study 2 QRxPharma Announces Strategic Partnership with Actavis 2 QRxPharma Announces Strategic Partnership with Actavis 3 QRxPharma Announces Strategic Partnership with Actavis 4 QRxPharma Announces Strategic Partnership with Actavis 5

Denali Concrete Management Inc. Announces the Commencement of Patient Enrollment for the Phase 3 Dry Eye Syndrome Study QRxPharma Announces Strategic Partnership with Actavis

... reference laboratory and a worldwide leader in ... an extensive test menu of highly complex ... anatomic pathology. Owned by the University of ... half of the nation's university teaching hospitals ...

... ARUP Laboratories is a national reference ... laboratory research and development. ARUP offers an ... unique medical tests in clinical and anatomic ... ARUP Laboratories' clients include more than half ...

Medicine Products:

Promazine, Urine Prolactin Macroadenoma Prograf Proloprim