Alaris repays $10 million of bank debt; expects $60-$80 million debt repayment by year-end

By Sara Rosenberg

New York, Jan. 14 - Alaris Medical Systems Inc. repaid $10 million of its bank debt on Wednesday and anticipates repaying a total of $60 to $80 million of bank debt in 2004, according to a filing with the Securities and Exchange Commission.

If the anticipated 2004 repayments are made, the company's long-term debt would be reduced to slightly below $300 million.

As of Dec. 31, the company had about $359 million of outstanding debt.

Alaris is a San Diego-based developer and marketer of products for the safe delivery of intravenous medications.

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