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December 12, 2012
18:06 EDTNDZNordion announces postponement of Q412 results, cites credit facility amendment
Nordion announced it is postponing the release of its Q4 and FY12 financial results and conference call scheduled for December 18 and 19, respectively. Nordion has initiated discussions to amend the terms of the companyís credit facility. The discussions are in relation to the potential impact of expected accruals associated with ongoing litigation matters and the treatment of certain non-cash items. In combination, these items may impact certain terms and conditions of Nordionís credit facility. Nordion had entered into its $75M three-year credit facility in June 2011. The credit facility has been used primarily to fund letters of credit associated with the companyís pension plan and regulatory decommissioning obligations.
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