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MEDAPHIS OBTAINS $90 MILLION SENIOR CREDIT FACILITY

 ATLANTA, Aug. 17 /PRNewswire/ -- Medaphis Corporation (NASDAQ-NMS: MEDA) today announced the establishment of a $90 million senior credit facility with a six-bank syndicate led by Trust Company Bank and including Wachovia Bank of Georgia, N.A., NationsBank of Georgia, N.A., Bank South, N.A., SouthTrust Bank of Georgia, N.A. and Creditanstalt -- Bankverein.
 The new facility replaces an existing $25 million credit facility and will be used to refinance approximately $17 million of indebtedness under the existing facility. The new facility consists of a $5 million cash management line and an $85 million revolving line available for acquisitions and general corporate purposes. The new facility bears interest at varying rates approximating prime.
 Based in Atlanta, Medaphis is a leading provider of business management services, primarily billing and accounts receivable management services, to hospitals and hospital-affiliated physicians.
 -0- 8/17/93
 /CONTACT: Michael R. Cote, chief financial officer, of Medaphis Corporation, 404-319-3349/
 (MEDA)


CO: Medaphis Corporation ST: Georgia IN: SU: FNC

MP-TS -- NY036 -- 3485 08/17/93 11:05 EDT
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Publication:PR Newswire
Date:Aug 17, 1993
Words:170
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