Goldman Sachs Agents Hologic Loan Repricing
Hologic announced that the company completed a re-pricing of certain loans under the company’s credit and guaranty agreement dated August 1, 2012.
Hologic said the company and several of its domestic subsidiaries (guarantors), together with Goldman Sachs Bank USA, as administrative and collateral agent for a lender group, entered into refinancing amendment.
The amendment refinances the company’s existing senior secured tranche A term loan facility and the company’s existing $300 million senior secured revolving credit facility, each with a maturity date of August 1, 2017, resulting in a 100 basis points reduction in the interest rates (from 3% plus LIBOR to 2% plus LIBOR) on the term loan A and the revolving facility. In addition, certain covenants and terms of the credit agreement were amended.
Bedford, MA-based Hologic is a developer, manufacturer and supplier of diagnostic products, medical imaging systems, and surgical products.