Theragenics Corporation (TGX)

[surf1944]

7:17AM Theragenics renews credit agreement; available borrowings increased to $40 mln (TGX) 1.58 : Co announced that it has entered into a Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association. The new three year credit agreement, which is unsecured, replaces the $30 million credit agreement with Wells Fargo that was set to expire on October 31, 2012. Borrowings of $22 million that were outstanding under the old credit agreement have been refinanced under the new $40 million credit agreement. The interest rate on outstanding borrowings under the new credit agreement has been reduced from LIBOR plus 2.25% to LIBOR plus 1.75%. The financial covenants in the new credit agreement are substantially similar to the previous credit agreement.