Mylan expands revolving credit agreement commitments by $150 million

By Wendy Van Sickle

Columbus, Ohio, June 19 – Mylan NV increased its senior revolving credit agreement by $150 million, according to an 8-K filed Friday with the Securities and Exchange Commission.

Under the amended agreement, the augmenting lender, ING Bank NV (Dublin branch), will make the additional $150 million available, bringing the total commitments available under the agreement to $1.65 billion from $1.5 billion. No other terms of the agreement were changed by the amendment.

Proceeds from the increased commitments will be used for working capital, capital expenditures and other corporate purposes, according to the 8-K.

Mylan is a pharmaceutical company based in Hatfield, England.

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