Cooper increases revolver to $1 billion, extends maturity to 2017

By Angela McDaniels

Tacoma, Wash., May 31 - Cooper Cos., Inc. said it amended its senior revolving line of credit, increasing it to $1 billion from $750 million and extending the maturity date to May 31, 2017 from Jan. 12, 2016.

The company used the increase to repay its $234.4 million senior term loan in full.

The amended revolver also offers lower interest rates, according to a company news release.

The Pleasanton, Calif.-based medical device company said it will discuss additional details during its second-quarter earnings conference call on June 7.

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