New York, June 22, 2016 -- Moody's commented that Impax Laboratories, Inc's acquisition of a portfolio of generic products from Teva Pharmaceutical Industires Ltd. and affiliates of Allergan plc for $586 million is credit negative because it increases Impax's financial leverage. There is no impact to Impax's B1 Corporate Family Rating or the stable rating outlook, however the Ba1 rating on Impax's revolving credit facility could be negatively impacted depending on the final structure of the term loans.
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