Teleflex prepays $165.8M in debt

Teleflex Inc., a medical-device-maker based in Limerick, announced Thursday that it had prepaid $165.8 million in senior notes.

This consisted of $72.5 million due in 2011, $48.3 million due in 2014, and $45.0 million due in 2016, at interest rates ranging from 6.66 percent to 7.46 percent.

Teleflex used $96.5 million in cash and money from a $90 million revolving credit facility.

"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."    - Christopher K. Hepp