Symmetry Medical Amends Credit Agreement, Pays Down High-Interest Debt

Warsaw, Ind.-based Symmetry Medical changed its credit agreement in order to pay down its $67 million in outstanding mezzanine debt, which is due by December 2017. By paying down some of the high interest rate debt, Symmetry Medical will have lower interest payments by $0.10 accretive to earnings per share in 2014.

The company has reduced its debt by nearly $100 million in the past two years.

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