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“The refinancing and upsizing of our credit agreement in May provided the liquidity to pursue growth opportunities in our business, including the recent acquisition of ISTA Pharmaceuticals, Inc. With that acquisition completed, we determined that the most effective near-term use of the additional liquidity from the soon-to-expire delayed draw term loan portion of the refinancing was to tender for a portion of our senior notes.”In layman's terms what does this mean? Does it mean that B+L is having trouble paying its debts and that a corporation wide layoff to cut costs at this company is likely?Why is this a news feed on the company website? Seems strange.
“The refinancing and upsizing of our credit agreement in May provided the liquidity to pursue growth opportunities in our business, including the recent acquisition of ISTA Pharmaceuticals, Inc. With that acquisition completed, we determined that the most effective near-term use of the additional liquidity from the soon-to-expire delayed draw term loan portion of the refinancing was to tender for a portion of our senior notes.”
In layman's terms what does this mean? Does it mean that B+L is having trouble paying its debts and that a corporation wide layoff to cut costs at this company is likely?
Why is this a news feed on the company website? Seems strange.
