Accellent seeks amendment to change debt to EBITDA and EBITDA to interest expense covenants

By Sara Rosenberg

New York, April 11 - Accellent Inc. is looking to amend its senior secured credit facility to revise the maximum ratio of consolidated net debt to consolidated adjusted EBITDA and the minimum ratio of consolidated adjusted EBITDA to consolidated interest expense covenants, according to an 8-K filed with the Securities and Exchange Commission Wednesday.

As of March 31, the company was in compliance with all of its covenants.

Accellent is a Wilmington, Mass.-based provider of outsourced design, engineering and manufacturing of custom components, subassemblies and completed devices primarily for medical device firms.

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