Boston Scientific prepays $625 million of term debt

By Sara Rosenberg

New York, May 9 - Boston Scientific Corp. prepaid $625 million of its term loan during the first quarter, according to a 10-Q filed with the Securities and Exchange Commission Friday.

The prepayment satisfied the remaining $300 million of the company's term loan due in 2009 and $325 million of its term loan due in 2010.

Boston Scientific is a Natick, Mass.-based developer, manufacturer and marketer of medical devices that are used in various interventional medical specialties.

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