Endocare amends loan, extending term of facility

By Sara Rosenberg

New York, April 25 - Endocare Inc. amended its credit facility, extending the maturity date to Feb. 28, 2007, according to an 8-K filed with the Securities and Exchange Commission Tuesday.

In addition, the amendment modified the tangible net worth covenant to reflect the company's sale of Timm Medical Technologies Inc.

The amendment was completed on April 24.

Silicon Valley Bank is the lead bank on the deal.

Endocare is an Irvine, Calif.-based specialty medical device company.

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