Teleflex plans to prepay $196.6 million of senior notes due 2012, 2014

By Angela McDaniels

Tacoma, Wash., Aug. 2 - Teleflex Inc. said it plans to prepay all of its senior notes issued in 2007, which have an outstanding principal amount of $196.6 million and mature in 2012 and 2014.

The prepayment will be funded with available cash, borrowings under Telefex's revolving credit facility and some of the proceeds from a $350 million issue of convertible notes, according to a company news release.

The company also plans to amend some terms of its senior secured credit facilities, extend the maturity of a portion of its borrowings under the facilities to 2014 from 2012 and repay $200 million of term loan borrowings.

Teleflex is based in Limerick, Pa. It makes medical technology products and has niche businesses that serve segments of the aerospace and commercial markets with specialty engineered products.

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