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Teleflex Announces Prepayment of 2004 Senior Notes

Dépèche transmise le 22 décembre 2010 par Business Wire

Teleflex Announces Prepayment of 2004 Senior Notes

LIMERICK, Pa.--(BUSINESS WIRE)--Teleflex Incorporated announced today that it has prepaid $165.8 million in aggregate principal amount of its 2004 senior notes. This consisted of $72.5 million of 6.66% senior notes due in 2011, $48.3 million of 7.14% senior notes due in 2014, and $45.0 million of 7.46% senior notes due in 2016.

“I am pleased to announce today that the Company continues to take steps to improve its overall capital structure”

Teleflex used available cash of $96.5 million and borrowings available under its revolving credit facility of $90 million to prepay the notes, which included $20.7 million in accrued interest and make whole premiums.

"I am pleased to announce today that the Company continues to take steps to improve its overall capital structure,” stated Jeffrey P. Black, Chairman and Chief Executive Officer. “The completion of this transaction allows us to further reduce our outstanding debt and provides additional financial flexibility to support future growth.”

About Teleflex Incorporated

Teleflex Incorporated (NYSE:TFX) is a global provider of medical technology products that enable healthcare providers to improve patient outcomes, reduce infections and support patient and provider safety. Teleflex, which employs approximately 12,800 people worldwide, also has niche businesses that serve segments of the aerospace and commercial markets with specialty engineered products. Additional information about Teleflex can be obtained from the company's website at www.teleflex.com.