Theragenics amends, extends credit facility

New York, July 3 - Theragenics Corp. said it amended its $40 million credit facility with Wachovia Bank to extend the maturity to Oct. 30, 2009.

The amendment also changes some financial covenants. The requirements include: a ratio of senior liabilities to tangible net worth of not more than 0.5 to 1.0, a fixed charge coverage ratio of not less than 1.25 to 1.0, and liquid assets of at least $15 million through June 30, 2007, $17.5 million through June 30, 2008 and $20 million after that.

Interest is at Libor plus 100 basis points, according to an 8-K filing with the Securities and Exchange Commission.

Theragenics is a medical device company based in Buford, Ga., that manufactures brachytherapy and surgical products.

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