Daily News: November 30, 2015

Bank of America Upsizes Varian Medical’s Revolver


According to an 8-K filing, Varian Medical Systems recently amended its credit agreement with lenders led by Bank of America as lender, swing line lender, L/C issuer and administrative agent. The amendment increases the aggregate credit commitment of the lenders with respect to the revolving credit facility under the credit agreement in a principle amount of $200 million to a total of $500 million.

The filing notes the amendment also reduces commitment fees and interest rate margins applicable to borrowings and increase the maximum consolidated leverage ration the company must maintain.