Kendle amends loan, permitting an additional $30 million in revolver commitments

By Sara Rosenberg

New York, April 13 - Kendle International Inc. amended its credit facility, allowing for the increase of revolver commitments by $30 million, according to an 8-K filed with the Securities and Exchange Commission Friday.

In addition, the amendment revised the maximum total leverage ratio and minimum consolidated interest coverage ratio.

The amendment was completed on March 30.

UBS is the administrative agent on the deal.

Kendle is a Cincinnati-based clinical research organization.

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