SunTrust Agents $185MM Rotech Credit Agreement

Rotech Healthcare entered into a new $185 million credit agreement with SunTrust Bank as administrative agent and issuing lender on the transaction.

AlixPartners Advises Rotech as it Emerges From Chapter 11

Rotech Healthcare announced that it completed its financial restructuring and has emerged from Chapter 11. Proskauer Rose serves as legal advisor, Barclays as financial advisor and AlixPartners as restructuring advisor.

Court Approves Rotech Plan of Reorganization, Exit Financing

Rotech Healthcare said the U.S. Bankruptcy Court approved the company’s second amended Joint Plan of Reorganization, along with $358 million of exit financing commitments received from Wells Fargo.

Rotech Seeks Court Approval for $358MM in Exit Financing

Rotech Healthcare is requesting bankruptcy court approval on commitment letters for $357.5 million in exit financing. The proceeds are intended to be used to fund the company’s post-emergence working capital needs.

Court Approves Rotech First Day Motions

The U.S. Bankruptcy Court granted approval for Rotech Healthcare’s first-day motions, which were designed to ensure normal daily operations during the Chapter 11 debt restructuring.

Bloomberg: Rotech Healthcare Files for Bankruptcy

Bloomberg reported that Rotech Healthcare filed for bankruptcy with Silver Point Finance agreeing to loan the company as much as $30 million to help finance the bankruptcy.