Tag: Credit
VGM broadens financing options
May 20, 2016HME News Staff
WATERLOO, Iowa - VGM and Associates and Whitebridge Financial have forged a partnership to provide VGM members with better access to financing options. Per the partnership, Whitebridge will offer VGM's more than 3,000 members nationwide a variety of flexible financing options to meet their diverse needs, with the goal of becoming their “one-stop shop.” “We are constantly looking for better ways to help our members provide easier access to the products their customers need to improve...
Invacare secures new credit facility
January 20, 2015HME News Staff
ELYRIA, Ohio - Invacare has secured a new revolving credit and security agreement, establishing a $100 million asset-based lending senior secured credit facility, the company announced Jan. 16.
“Under the new credit facility, the company will not have the financial covenant limitations, such as the debt leverage covenant, which was in the previous credit agreement,” stated Rob Gudbranson, interim president and CEO, and senior vice president and CFO, in a press release. “We appreciate...