Kendle amends loan, revising leverage ratio and EBITDA covenants

By Sara Rosenberg

New York, Jan. 25 - Kendle International Inc. amended its credit facility, increasing the total leverage ratio and allowing for certain add-backs to consolidated EBITDA for cash and non-cash charges, according to an 8-K filed with the Securities and Exchange Commission on Tuesday.

JPMorgan is the administrative agent on the deal.

The amendment was completed on Jan. 21.

Kendle is a Cincinnati-based clinical research organization.

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