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Mylan repays $196 million loan early

This article was originally published in Scrip

Executive Summary

Mylan has paid off early $196 million of bank loans last month that had been due in 2011. The generic drugs developer now has no term-loan obligations due until 2012. Mylan's CEO, Robert Coury, said the transaction reflected the company's strong operating cash flow and efforts to pay off its debt.

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