May 15 (Reuters) - Medipharm Labs Corp LABS.V :
* MEDIPHARM LABS SIGNS COMMITTED TERM SHEET FOR $20 MILLION DEBT FACILITY WITH SCHEDULE 1 BANK
* MEDIPHARM LABS CORP - CREDIT FACILITY IS INTENDED TO PROVIDE MEDIPHARM LABS ACCESS TO NON-DILUTIVE CAPITAL TO FUND PLANNED GROWTH
* MEDIPHARM LABS CORP-CREDIT FACILITY CONSISTS OF $15 MILLION OPERATING LOAN WITH ONE-YEAR TERM, $5 MILLION NON-REVOLVING EQUIPMENT TERM LOAN WITH A 3 YEAR TERM
* MEDIPHARM LABS CORP - CREDIT FACILITY, ONCE CLOSED, WILL BEAR INTEREST AT SCHEDULE 1 BANK'S PRIME LENDING RATE PLUS 1.85% PER ANNUM