Medical Equipment Firm Wins $30M DIP Financing

Law360, Wilmington (April 9, 2013, 8:24 PM EDT) -- A Delaware bankruptcy judge approved a slate of first-day pleadings for Rotech Healthcare Inc. on Tuesday, including interim approval of a $30 million debtor-in-possession loan designed to keep the medical equipment company in good health while it trims its debt load by more than $300 million.

Weighed down by debt since it was spun off from its bankrupt parent in 2002, the Florida-based company and 114 subsidiaries entered Chapter 11 on Monday with a restructuring plan that already has the support of the majority of its...
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