Teleflex prepays $165.8 million in debt

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Teleflex Inc. announced it has prepaid $165.8 million in aggregate principal amount of its 2004 senior notes.

This consisted of $72.5 million of 6.66 percent senior notes due in 2011, $48.3 million of 7.14 percent senior notes due in 2014, and $45.0 million of 7.46 percent 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.

"The completion of this transaction allows us to further reduce our outstanding debt and provides additional financial flexibility to support future growth," chairman and CEO Jeffrey Black said in a statement.

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