Mylan pre-pays $196 mln in debt due in 2011
* Says no term-loan obligations due until 2012
* Debt a concern since Merck KGaA deal
NEW YORK, Jan 8 - Mylan Inc (MYL.O) paid $196 million of term-loan borrowings in December that had been been due in 2011, leaving it without any term-loan obligations due until 2012, the world's No. 3 generic drugmaker said on Friday.
Investors have been concerned about Mylan's debt load since the company's $6.8 billion acquisition in 2007 of the generics unit of Germany's Merck KGaA (MRCG.DE), a deal that vaulted Mylan to the top tier of the global generic drug industry. (Reporting by Lewis Krauskopf; Editing by Derek Caney)
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick