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BRIEF-Hologic enters into amended and restated five-year secured credit agreement
October 4, 2017 / 11:21 AM / 17 days ago

BRIEF-Hologic enters into amended and restated five-year secured credit agreement

Oct 4 (Reuters) - Hologic Inc:

* Hologic enters into amended and restated five-year secured credit agreement

* Initial proceeds from new $1.5 billion term loan and $1.5 billion revolving credit line used to refinance senior secured debt

* Funds also expected to contribute to retirement of remaining convertible notes

* Hologic - ‍entered amended, restated credit agreement consisting of new, five-year $1.5 billion senior term loan and $1.5 billion revolving credit facility​

* New loan facilities mature on October 3, 2022, subject to adjustment in certain circumstances

* Borrowings initially bear interest at an annual rate of libor + 1.50%, and may change based on Hologic’s leverage ratio

* Hologic Inc - ‍new loan facilities mature on October 3, 2022​

* In connection with refinancing, Hologic terminated its previous $1 billion revolving credit facility Source text for Eikon: Further company coverage:

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