UPDATE - Warner Chilcott sees lower hit from recapitalization (at Reuters)

UPDATE - Warner Chilcott sees lower hit from recapitalization (at Reuters)

August 20, 2010, 5:49 pm

Warner Chilcott Plc lowered the extent of the hit it expects to take to its 2010 and 2011 profit forecast arising from a planned debt recapitalization. The specialty pharmaceutical company said it completed an amendment to its existing credit facilities and took on an additional $1.5 billion in new term loans.