PDL: Entry Into A Material Definitive Agreement

The following excerpt is from the company's SEC filing.

On July 2, 2014, PDL BioPharma, Inc. (the Company) entered into an amendment to its credit agreement (the Credit Agreement) among the Company, the lenders party thereto, and Royal Bank of Canada as administrative agent (the Amendment). The Amendment was entered into by the parties to clarify certain language in two sections of the Credit Agreement so that the language accurately memorializes the parties’ intent. The Amendment does not change the substance of the Credit Agreement or the relations between the parties.

The foregoing description of the Credit Agreement is qualified in its entirety by reference t o the full text of the Amendment, a copy of which is filed as Exhibit 10.1 to this Form 8-K.

10.1   Amendment, dated as of July 2, 2014, among PDL BioPharma, Inc., as borrower, the lenders from time to time party thereto and Royal Bank of Canada, as administrative agent

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. PDL BioPharma next reports earnings on August 04, 2014.

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Other recent filings from the company include the following:

Pdl Biopharma Provides Fourth Quarter 2014 Revenue Guidance Of $158 Million - Dec. 10, 2014
PDL: Amendments To Articles Of Incorporation Or Bylaws; Changes In Fiscal Year - Dec. 9, 2014
PDL: Departure Of Directors Or Certain Officers; Election Of Directors; Appointment Of Certain Officers; Compensatory Arrangements Of Certain Officers - Dec. 8, 2014
Pdl Biopharma Announces Conversion Rate Adjustments For - Dec. 4, 2014
PDL BioPharma director just picked up 6,000 shares - Nov. 28, 2014

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