Cooper Co. Amends Credit Facility - Quick Facts

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5/31/2012 7:32 PM ET

Medical devices maker The Cooper Companies Inc. (COO: Quote) said Thursday it has entered into an amendment to its Senior Unsecured Credit Facility.

Cooper said the aggregate commitment of the Senior Unsecured Revolving Line of Credit was increased to $1.0 billion from $750.0 million, and the $234.4 million Senior Unsecured Term Loan was fully repaid using the new revolving facility.

The company said this facility offers additional availability, lower interest rates and extends the maturity date to May 31, 2017 from January 12, 2016.

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