Business

Mylan repays $196 million in term loan debt

admin Contributor

PITTSBURGH (AP) — Generic drugmaker Mylan Inc. said Friday it paid $196 million in bank term-loan borrowings ahead of time, leaving it with no term loan debts due until 2012.

The money, paid back late last month, was due in 2011.

Mylan also said it gained $52 million in the fourth quarter from litigation-related cash recoveries. Further details weren’t immediately available.