Lantheus Medical Imaging, Inc. Enters into Amendment of the Terms of its Existing Revolving Credit Facility with Syndicate of Banks and Bank of Montreal
January 30, 2012 at 05:15 pm EST
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On January 26, 2012, Lantheus Medical Imaging, Inc. entered into an amendment of the terms of its existing revolving credit facility with a syndicate of banks and Bank of Montreal, as the administrative agent. The Amendment increases the applicable consolidated total leverage ratio, and decreases the consolidated interest coverage ratio, for certain fiscal quarters. Additionally, the Amendment modifies the company's ability to add back certain costs arising from the transfer of certain of its manufacturing operations and suppliers, as well as certain legal costs incurred in connection with claims made under its business interruption insurance policies, in calculating EBITDA in connection with the Revolver.
Lantheus Holdings, Inc. is a radiopharmaceutical-focused company. The Company is engaged in delivering science to enable clinicians to find, fight and follow disease to deliver patient outcomes. The Company classifies its products in three categories: Radiopharmaceutical Oncology, Precision Diagnostics, and Strategic Partnerships. Its Radiopharmaceutical Oncology diagnostics and therapeutic candidates help healthcare professionals (HCPs) find, fight, and follow cancer, with a focus in prostate cancer. Its Precision Diagnostic products assist HCPs to find and follow diseases, with a focus in cardiology. Its Strategic Partnerships focus on enabling precision medicine through the use of biomarkers, digital solutions and pharma solutions platforms. Its commercial products include PYLARIFY, DEFINITY, TechneLite, NEUROLITE, Xenon-133, CARDIOLITE, RELISTOR, Automated Bone Scan Index, and others. Its commercial products are used by cardiologists, internal medicine physicians, and others.
Lantheus Medical Imaging, Inc. Enters into Amendment of the Terms of its Existing Revolving Credit Facility with Syndicate of Banks and Bank of Montreal