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News Breaks
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August 31, 2010
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| 08:02 EDT |  | OFIX |
| theflyonthewall.com: | Orthofix announces new $300M credit facility | | Orthofix International has established a new $300 million five-year credit facility, including a $200 million senior secured revolving line of credit and a $100 million senior secured term loan. JP Morgan Chase Bank, N.A. acted as Sole Bookrunner and Joint Lead Arranger along with RBS Citizens. JP Morgan Chase Bank, N.A. is acting as Administrative Agent and RBS Citizens, N.A. acted as Syndication Agent for the bank syndication that included a group of nine other financial institutions. Orthofix plans to use the proceeds from the new facility to pay off the Company’s prior facility as well as for capital expenditures and other general corporate purposes. :theflyonthewall.com |
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