OTTAWA, June 6, 2011 /CNW/ - Nordion Inc. (TSX: NDN) (NYSE: NDZ), a
leading provider of products and services to the global health science
market, today announced it has entered into a three-year US$75 million
revolving committed credit facility with Toronto-Dominion Bank as its
"The use of the facility further strengthens our balance sheet and
provides additional flexibility to operate our business and unlock
value for shareholders," said Peter Dans, Chief Financial Officer of
Nordion plans to use the credit facility to reissue existing letters of
credit, which would in turn release approximately US$20 million in
restricted cash, to issue future letters of credit, and to provide an
additional source of liquidity.
The facility is secured by the company's assets and is subject to
About Nordion Inc.
Nordion Inc. (TSX: NDN) (NYSE: NDZ) is a global specialty health science
company that provides market-leading products used for the prevention,
diagnosis and treatment of disease. We are a leading provider of
medical isotopes, targeted therapies and sterilization technologies
that benefit the lives of millions of people in more than 60 countries
around the world. Our products are used daily by pharmaceutical and
biotechnology companies, medical-device manufacturers, hospitals,
clinics and research laboratories. Nordion has more than 500 highly
skilled employees in three locations. Find out more at www.nordion.com.
Forward Looking Statements
Certain statements contained in this news release constitute
"forward-looking statements". These statements are based on current
beliefs and assumptions of management, however are subject to known and
unknown risks, uncertainties and other factors that may cause actual
results to differ materially from the forward-looking statements in
this news release. For additional information with respect to certain
of these beliefs, assumptions, risks and uncertainties, please refer to
Nordion's Annual Information Form for fiscal 2010 available on SEDAR at
www.sedar.com and on EDGAR on www.sec.gov.
SOURCE Nordion Inc.
For further information:
(613) 592-3400 x.1022