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PerkinElmer Obtains $350M Revolving Loan; Cash Could Fund M&A, Alliances

NEW YORK, Nov. 1 (GenomeWeb News) - PerkinElmer obtained a $350-million unsecured revolving credit facility, the company said today.


The five-year loan, which replaces a previous $100 million facility, will be used for "general corporate purposes," such as working capital, refinancing, capital expenditures, share repurchases, acquisitions, and strategic alliance, said PerkinElmer.


The facility was jointly made with Banc of America Securities and Citigroup Global Markets.