Financings In Brief
This article was originally published in The Gray Sheet
Executive Summary
Mentor: Santa Barbara, Calif. firm completes three-year syndicated credit agreement providing up to $200 mil. for pursuit of "licensing and acquisition opportunities" in markets where Mentor already competes, President & CEO Joshua Levine says. Bank of the West and Union Bank of California sponsored the agreement, which provides the option for a $50 mil. increase in the future. Separately, Mentor plans to launch its Hyalite non-animal stabilized hyaluronic acid, which it acquired through its 2003 purchase of A-life, in early 2006 (1"The Gray Sheet" May 30, 2005, p. 19). Hyalite will compete against Inamed's Hylaform avian-derived and Captique non-animal fillers, and Medicis' non-animal Restylane...