PRA Health Sciences repays $10 million under term loan during Q3

By Wendy Van Sickle

Columbus, Ohio, Nov. 3 – PRA Health Sciences, Inc. voluntarily repaid $10 million under its term loan during the third quarter and $40 million during first nine months of 2015, according to a 10-Q filed with the Securities and Exchange Commission for the quarter ended Sept. 30.

During the first nine months of 2014, PRA Health made $6.7 million in principal payments on the term loan.

The company also had $20 million drawn under its $125 million line of credit on Sept. 30.

PRA Health Sciences is a contract research organization providing comprehensive clinical development services in the pharmaceutical industry. It is based in Raleigh, N.C.

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