McGaw Hopes to Refinance Debt
- Share via
IRVINE — McGaw Inc., which makes intravenous solutions for hospitals and home health care, is seeking to raise $150 million to refinance its debt and pay for expansion.
According to documents filed with the Securities and Exchange Commission earlier this week, the privately held company will offer $100 million in seven-year notes and try to raise $50 million more through a private placement of debt. It is also seeking a $30-million line of credit.
“They are refinancing their bank debt to obtain greater financial flexibility to implement their growth strategy,” said Richard A. Fink, a Newport Beach attorney who represents McGaw.
Among other goals, the firm hopes to strengthen its position as a leading supplier in the lucrative home health-care market, to distribute new products and to enter the international market, he said.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
