Acelity to repay senior term E-2 loan via new senior note offering

By Tali Rackner

Norfolk, Va., Feb. 1 – Acelity LP Inc. plans to repay all amounts outstanding under its senior term E-2 credit facility due Nov. 4, 2016 with the proceeds from a $400 million first-lien senior secured note offering, according to a news release.

Proceeds will also be used to pay accrued interest, to pay related fees and expenses and for general corporate purposes.

Acelity is a medical device company based in San Antonio.

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