Rochester, New York 1/9/2010 9:10:00 AM
News / Business

Mylan (NYSE: MYL) Paid $196M in Term Loan Debt

Mylan Inc. (NYSE: MYL) reported Friday it paid $196 million in bank term-loan borrowings ahead of schedule, leaving it with no term loan debts due until 2012, according to Associated Press.

 

The money, which was paid back late last month, was due in 2011.

 

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Mylan also said it gained $52 million in the fourth quarter from litigation-related cash recoveries.

 

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