Rotech Healthcare has raised $290 million in a sale of senior second lien notes in the 144a private placement market. The home medical equipment provider intends to use the proceeds to repay all of its senior subordinated notes due 2012 and for general corporate purposes.

Credit Suisse and Jeffereies were the joint bookrunning managers for the sale. The notes carry a coupon rate of 10.5%, and are due to mature on March 15, 2018. Click here for the release from Business Wire.