Animal Health International amends revolver maturity and pricing

By Sara Rosenberg

New York, May 7 - Animal Health International Inc. amended its revolving credit facility, extended the maturity and increasing pricing, according to a news release.

The revolver now matures on the earlier of June 30, 2012 or 60 days prior to the maturity date of its term note, which is currently due on May 31, 2011.

Pricing on the revolver is Libor plus 350 basis points, up from Libor plus 200 bps.

In addition, total capacity under the revolver was changed to $130 million.

The amendment was completed on May 5.

Availability immediately following this revolver amendment totaled $27 million.

Animal Health is a Westlake, Texas-based distributor of animal health products.

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