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Innovex to Restructure Debt

PLYMOUTH, Minn. -- Innovex (Nasdaq: INVX) today announced it has received written confirmation from the Companys Thai banking partners, Bank of Ayudhya and Thai Military Bank, of their approval of a restructuring of the Company’s long term debt facilities with these banks. The debt restructuring is subject to negotiation of definitive documentation, which the Company expects will be completed in the current quarter.

“We are very pleased with the support we have received from our banking partners in providing working capital to aide us in working through this business transition period,” said Randy Acres, Innovex’s Chief Financial Officer.

Innovex Inc.