Kensey Nash Announces New Unsecured Revolving Credit Facility

Kensey Nash Corporation KNSY announced today that it has entered into a new $35 million unsecured revolving credit facility with Wells Fargo Bank, National Association. The new credit facility has a term of three years, maturing on May 25, 2014, with the option to extend it up to two additional one year periods upon meeting certain conditions. The credit facility allows the Company to use borrowings for working capital purposes and general corporate purposes including permitted acquisitions and capital expenditures.