Hospira terminates credit agreement with Citibank following merger

By Tali Rackner

Norfolk, Va., Sept. 3 – Hospira Inc. terminated its $1 billion credit agreement with administrative agent Citibank, NA on Thursday, according to an 8-K filing with the Securities and Exchange Commission.

The termination is in connection with its merger with Perkins Holding Co., a subsidiary of Pfizer Inc., which became effective on the same day.

No loans were outstanding under the facility, dated as of Oct. 28, 2011, at the time of the merger.

Hospira is a specialty pharmaceutical and medication delivery company based in Lake Forest, Ill.

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