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Animal Health to repay second-lien term loans with IPO proceeds
By Sara Rosenberg
New York, Jan. 31 - Animal Health International, Inc. plans to repay its $40 million second-lien term loan due 2011 and $45 million second-lien term loan due 2012 using proceeds from an initial public offering of common stock, according to a 424B4 filed with the Securities and Exchange Commission Wednesday.
Any remaining IPO proceeds will be used for working capital and general corporate purposes, including potential acquisitions.
Animal Health is a Westlake, Texas-based distributor of animal health products.
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