Omnicare pays down $75 million of term loan during second quarter

By Angela McDaniels

Tacoma, Wash., July 30 - Omnicare, Inc. repaid $75 million of its senior term loan A during the second quarter, according to its earnings release.

The company said it had no borrowings outstanding on its revolving credit facility during the quarter and $276.2 million in cash on its balance sheet as of June 30.

Omnicare provides pharmaceutical care for the elderly and is based in Covington, Ky.

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