Sunrise Medical Inc. Completes Refinancing of its Senior Secured Credit Facility
4/5/2010 11:31:02 AM
MALSCH, Germany & LONGMONT, Colo.--(BUSINESS WIRE)--Sunrise Medical, Inc. (“Sunrise” or “Company”) announced today that it has successfully refinanced its existing Senior Secured Credit Facilities with the issuance of a new long-term €90 million (approximately U.S. $120 million) Senior Secured Term Loan. In connection with the refinancing, the Company simultaneously announced the official separation of DeVilbiss Healthcare (“DeVilbiss”), Sunrise’s respiratory and sleep therapy division, into an independent company, effective April 2nd.
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