Healthcare Firm Accendra Inks Discount Debt Exchange, New Funds

Accendra Health Inc. has reached an agreement with a majority of its creditors to push out the maturities of its existing debt through debt exchanges, some of them at a discount.

The company, which provides in-home medical devices and supplies, disclosed a deal on Monday that address the maturity of more than $1.5 billion of debt and raises new funds to help reduce the total amount owed by more than $300 million to roughly $2 billion.

Shares of Richmond, Virginia-based Accendra rose by 14.8% to $4.11 cents as of 2:51 p.m. in New York. It was previously known as Owens ...