LIMERICK, Pa., Dec 22, 2010 (BUSINESS WIRE) --
Teleflex Incorporated announced today that it has prepaid $165.8 million
in aggregate principal amount of its 2004 senior notes. This consisted
of $72.5 million of 6.66% senior notes due in 2011, $48.3 million of
7.14% senior notes due in 2014, and $45.0 million of 7.46% senior notes
due in 2016.
Teleflex used available cash of $96.5 million and borrowings available
under its revolving credit facility of $90 million to prepay the notes,
which included $20.7 million in accrued interest and make whole premiums.
"I am pleased to announce today that the Company continues to take steps
to improve its overall capital structure," stated Jeffrey P. Black,
Chairman and Chief Executive Officer. "The completion of this
transaction allows us to further reduce our outstanding debt and
provides additional financial flexibility to support future growth."
About Teleflex Incorporated
Teleflex Incorporated (NYSE:TFX) is a global provider of medical
technology products that enable healthcare providers to improve patient
outcomes, reduce infections and support patient and provider safety.
Teleflex, which employs approximately 12,800 people worldwide, also has
niche businesses that serve segments of the aerospace and commercial
markets with specialty engineered products. Additional information about
Teleflex can be obtained from the company's website at www.teleflex.com.
SOURCE: Teleflex Incorporated
Teleflex
Jake Elguicze
Vice President Investor Relations
610-948-2836