FDAnews Drug Daily Bulletin

BAUSCH & LOMB GETS FINANCING FOR REPATRIATION FUNDS

Dec. 1, 2005
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Bausch & Lomb (BOL.N: Quote, Profile, Research) said on Wednesday it has completed a loan agreement that will allow the company to retrieve up to $805 million in foreign profits before the end of 2005. Bausch & Lomb said it has entered into an agreement with a number of parties including Citigroup Global Markets Limited, J. P. Morgan Plc and Keybanc Capital Markets for a five-year, $375-million unsecured bank credit facility. The credit facility involves a syndicate of 10 banks.

Reuters (http://today.reuters.com/investing/financeArticle.aspx?type=marketsNews&storyID=2005-11-30T132329Z_01_WEN5237_RTRIDST_0_HEALTH-BAUSCH-FINANCING-URGENT.XML)