Boston Scientific amends credit, prepays loan

AuntMinnie.com staff writers
Aug 22, 2007

Interventional device developer Boston Scientific of Natick, MA, said it has modified its credit line with its lenders for more financial flexibility.

The company has amended its $2 billion revolving line of credit and $5 billion term loan agreement. Also with the amended agreement, Boston Scientific prepaid $1 billion of its term loan using $750 million from cash on hand and $250 million from another creditor.

By AuntMinnie.com staff writers
August 23, 2007

Related Reading

Boston Scientific mulls sale of cardiac, vascular surgery businesses, August 17, 2007

Boston Scientific to keep Endosurgery unit, August 3, 2007

Boston Scientific begins Taxus Element stent trial, July 20, 2007

Boston Scientific brings Taxus Express² to Japan, May 8, 2007

Boston Scientific gets Japanese nod for Taxus, April 3, 2007

Copyright © 2007 AuntMinnie.com

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