Lannett pays down another $25 million of revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, March 30 – Lannett Co., Inc. paid down another $25 million of borrowings under its revolving credit facility, according to a press release.

The company made a $75 million payment against the revolver in January.

The two payments will save the company about $5.5 million a year in interest expense, chief executive officer Arthur Bedrosian said in the news release.

Lannett makes generic pharmaceutical products and is based in Philadelphia.

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