CHARLOTTE, N.C. - First Union Corp. underwrote a $125 million credit facility for Rural/Metro Corp. a Scottsdale, Ariz., ambulance and fire protection services company.

In a press release, First Union Corp. said Rural/Metro will use proceeds from the six-year facility for future acquisitions, general corporate purposes, and repayment of higher interest rate debt.

First Union Corp.'s Health Care Finance Group and the Syndications Group of First Union Capital Markets Corp. served as agent and arranger for the facility.

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