Varian Medical Systems replaced its $600 million revolving credit facility with a $41.5 billion revolving credit facility in a transaction agented by Bank of America.
Varian Medical Systems terminated its August 27, 2013 credit facility and replaced it with a $600 million revolver with Bank of America as administrative agent.
Varian Medical Systems will acquire the Medical Imaging business of PerkinElmer. The transaction will be financed through an expansion of a facility agented by Bank of America to approximately $600 million.
Varian Medical Systems said it recently amended its revolving credit facility with a lender group led by Bank of America, as administrative agent that increased the amount to $500 million from $200 million.
Varian Medical Systems entered into a credit agreement with BofA of up to $500 million. Merrill Lynch, Pierce, Fenner & Smith, Sumitomo Mitsui and Wells Fargo are joint lead arrangers.