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aaiPharma receives credit facility amendment
New York, Oct. 12 - aaiPharma Inc. said it received an amendment to its senior credit facility to adjust financial covenants, among other things.
The Wilmington, N.C., pharmaceutical company obtained a waiver of compliance of some covenants for the quarter ended Sept. 30 and for the quarter ended Dec. 31 as long as it reaches required EBITDA thresholds.
aaiPharma said its remains in discussions with its senior lenders and intends to continue discussions with an ad hoc committee formed by certain holders of its senior subordinated notes.
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