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Endo plans credit refi

April 7, 2017

Endo International plc (NASDAQ: ENDP) (“Endo”) today announced that it is seeking to refinance its existing credit facilities with new senior secured credit facilities consisting of a revolving credit facility and a term loan facility (the “New Credit Facilities”).   Endo intends to use the net proceeds of the New Credit Facilities, together with the net proceeds of other debt (which may be secured), to repay all outstanding loans and other obligations under its existing credit facilities and for general corporate purposes (collectively, the “Transactions”).  The New Credit Facilities are expected to be guaranteed by Endo and certain of its subsidiaries. These Transactions, if completed, would not be expected to materially change Endo’s total debt.

The Transactions are subject to market and other conditions and are anticipated to close in the second quarter of 2017. However, there can be no assurance that the Transactions will be consummated on the terms described herein or at all.


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