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HealthTronics amends loan, upsizing revolver to $60 million
By Sara Rosenberg
New York, April 15 - HealthTronics Inc. amended its senior credit facility, increasing the revolver to $60 million from $50 million, according to a news release.
The amendment also allows the company to repurchase up to $10 million of its common stock.
Furthermore, it increased the dollar amount of permitted acquisitions to $30 million from $25 million during any 12-month period, and allows the company to acquire Advanced Medical Partners Inc. without the transaction counting against the permitted acquisitions allowance.
HealthTronics is an Austin, Texas-based urology company.
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