ArthroCare Obtains a Waiver of Default under Its Credit Agreement

Share this story with your network

Nasdaq Listing Council Will Not Stay DelistingAUSTIN, Texas, Jan 16, 2009 (BUSINESS WIRE) —

ArthroCare Corp. (OTC: ARTC.PK) announced that it received a waiver today from the Lenders and the Administrative Agent under its Credit Agreement of the event of default relating to the delisting of the Company’s stock. Under the terms of the waiver, the Company has prepaid $10 million of the principal amount (plus accrued and unpaid interest) outstanding under the Credit Agreement.

Leave a Comment

Your email address will not be published. Required fields are marked *