CLARENCE, N.Y., Jun 29, 2011 (BUSINESS WIRE) --
Greatbatch, Inc. (NYSE: GB), today announced that it has amended its
revolving credit facility, which was set to expire in May of 2012. The
new credit facility extends the maturity date to June of 2016 and
increases the amount of credit available to $400 million from the $235
million under the old credit facility. Additionally, the amended terms
allow for the repayment of the Company's $198 million of 2¼% Convertible
Subordinated Debentures due in June 2013 as well as other corporate
investments.
"We are pleased that we were able to secure this new credit facility
well in advance of the expiration date of our previous credit facility
and believe the terms are favorable given current market conditions,"
stated Thomas J. Mazza, Senior Vice President & CFO. "Additionally, this
new credit facility provides our Company with the financial flexibility
and capacity to support our growth objectives over the next five years."
The Company currently expects that this new credit facility will add
approximately $0.5 million to $1.0 million of additional interest
expense in 2011. Further details on the terms of the new credit
agreement are provided in the Form 8k that was filed by the Company
earlier today.
About Greatbatch, Inc.
Greatbatch, Inc. (NYSE: GB) provides top-quality technologies to
industries that depend on reliable, long-lasting performance through its
brands Greatbatch Medical, Electrochem and QiG Group. Greatbatch Medical
develops and manufactures critical medical device technologies for the
cardiac, neurology, vascular and orthopaedic markets. Electrochem
designs and manufactures battery and wireless sensing technologies for
high-end niche applications in the energy, military, portable medical,
and other markets. The QiG Group empowers the design and development of
new medical devices for the Company's core markets. Additional
information about the Company is available at www.greatbatch.com.
Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995 that involve
risks, uncertainties and reflect the Company's judgment as of the date
of this release. Such forward-looking statements involve risks and
uncertainties that could cause actual results to differ from predicted
results. These risks and uncertainties include market conditions and
other factors beyond the Company's control and the economic,
competitive, governmental, technological and other factors identified
under the heading "Risk Factors" included in item 1A of Greatbatch's
Annual Report on Form 10-K for the year ended December 31, 2010 and
information contained in subsequent filings with the Securities and
Exchange Commission. These forward-looking statements are made only as
the date thereof, and the Company undertakes no obligation to update or
revise the forward-looking statements, whether as a result of new
information, future events or otherwise.

SOURCE: Greatbatch, Inc.
Greatbatch, Inc.
Marco Benedetti, 716-759-5856
Corporate Controller & Treasurer
mbenedetti@greatbatch.com