RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Quintiles Transnational Corp. (“Quintiles”) today announced that, as a result of recent unfavorable global credit market conditions, it has postponed its previously announced plans to enter into new $2.425 billion credit facilities. Quintiles continues to benefit from its strong cash position and existing favorable terms on its current credit facilities. It had entered the market to take advantage of what it considered to be favorable conditions at the time with the intention of supplementing its existing strong position.
