Advertisement
"With its deep experience in our space, Wells Fargo Foothill hasdemonstrated an appreciation and willingness to help us grow our business andbetter serve our customers," said John Amos, president and CEO of OTN. "Thisnew agreement not only bolsters our financial position but also enhances ourability to compete for and win new customers and deliver even greater value tophysicians who practice in the community-based treatment setting."
Advertisement
The $300 million revolving loan from Wells Fargo Foothill may be expandedto $350 million and may be syndicated. It is for a term of 36 months.
About Wells Fargo Foothill
Wells Fargo Foothill is a leading provider of senior secured financing tomiddle-market companies across the United States, offering flexible innovativecredit facilities from $10 million to $1 billion and more. It is part of WellsFargo & Company, a diversified financial services company with $540 billion inassets, providing banking, insurance, investments, mortgage and consumerfinance through almost 6,000 stores and the Internet(http://www.wellsfargo.com) across North America and internationally. WellsFargo Bank, N.A. is the only bank in the U.S., and one of only two banksworldwide, to have the highest credit rating from both Moody's InvestorsService, "Aaa," and Standard & Poor's Ratings Services, "AAA." For moreinformation, visit Wells Fargo Foothill on the Internet athttp://www.wffoothill.com.
About OTN
OTN, a One Equity Partners portfolio company, is a leading physicianservices company that provides a broad set of customized solutions, includingtechnology, pharmaceuticals, supportive care products and medical/surgicalsupplies, to physicians who practice in the community-based treatment setting.Through its innovative Lynx(TM) Technologies, practice management tools andunsurpassed customer service, OTN helps physicians remain independent andimprove practice efficiency while enabling them to focus on providing optimalpatient care. OTN's specialty pharmacy, provides physicians and theirpatients with efficient delivery of medications to treat cancer, rheumatoidarthritis, infertility and other chronic conditions requiring the latestintravenous, injectable and oral medicines. OTN's affiliated group purchasingorganization, Onmark, offers its members competitive contracts for oncologydrugs and medical/surgical supplies, practice management tools and educationalprograms. For more information, please visit http://www.myOTN.com
SOURCE OTN