Date: January 30, 2003
Source: News Room
Stericycle Inc. (Lake Forest, IL), the largest medical waste management firm in North America, announced that it has amended its senior secured credit facility with a group of lenders led by Bank of America N.A. to increase its borrowing capacity by $51 million. The amended credit facility consists of $105 million in revolving credit, a $112.6-million Term A loan facility, and a $47.2-million Term B loan facility. "The amended senior secured credit facility gives Stericycle more flexibility, extends its maturity, and reduces the interest rates in the future," said Mark Miller, Stericycle's president and CEO.
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