Chattem amends facility, pushing out revolver maturity to 2013

By Sara Rosenberg

New York, Oct. 6 - Chattem Inc. amended its credit facility, extending the revolver maturity to January 2013, according to a news release.

Furthermore, the amendment increased the company's ability to repurchase shares of its common stock and 7% notes.

The amendment was effective as of Sept. 30.

In connection with the amendment, the company's board of directors increased the authorization under its stock repurchase program to a total of $100 million.

Chattem is a Chattanooga, Tenn.-based marketer and manufacturer of branded consumer products.

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