Kinetic Concepts to prepay $30 million of bank debt on June 1

By Sara Rosenberg

New York, May 28 - Kinetic Concepts Inc. will prepay $30 million of its senior credit facility debt on June 1, according to an S-1 filed with the Securities and Exchange Commission on Friday.

With this prepayment, total debt reduction under the company's senior credit facility and 7 3/8% senior subordinated notes due 2013 totals $179.5 million since Jan. 1.

As of April 30, total borrowings under the senior credit facility were $427.6 million.

Kinetic Concepts is a San Antonio, Texas, medical device company.

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