ARTICLE | Financial News

Santarus financial update

September 6, 2010 7:00 AM UTC

Santarus amended its $25 million revolving line of credit with Comerica Bank. Santarus extended the maturity date of the loan to July 11, 2013 from July 11, 2011. Santarus, which has drawn down $10 million to date, has the option of paying interest on the debt at Comerica's prime rate plus 0.5% or LIBOR rate plus 3%. ...