New Senior Credit Facility Includes a
Board of Directors Authorizes Up to
"This new credit facility will
provide greater flexibility for our business moving forward and improve our capital structure," said
Under the terms of the new credit facility,
Under the newly authorized repurchase program, purchases of shares of common stock may be made through open market purchases or in privately negotiated transactions in compliance with applicable federal securities laws.
Greiner continued, "The authorization of a share repurchase program underscores our confidence in the strength of our business, and will be supported by our solid cash position and continued free cash flow generation. This program will permit us to opportunistically repurchase additional shares at attractive valuations while also remaining focused on driving long-term shareholder value."
The timing and amount of any repurchases of common stock will be determined by AngioDynamics' management based upon market conditions and other factors including price, regulatory requirements and capital availability. The share buyback program does not obligate the Company to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time without prior notice.
Payment for shares repurchased under the program will be funded using the Company's cash on hand. At the end of the 2016 fiscal first quarter ended
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements regarding
AngioDynamics Inc. Caitlin Stefanik(518) 795-1418 email@example.com Investor Relations Contacts: FTI Consulting Jim Polson(312) 553-6730 Jim.Polson@fticonsulting.com Kotaro Yoshida(212) 850-5690 Kotaro.Yoshida@fticonsulting.com Media Contact: FTI Consulting Kimberly Ha(212) 850-5612 firstname.lastname@example.org
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