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Sigma-Aldrich Amends Credit Facility

NEW YORK (GenomeWeb News) – Sigma-Aldrich today said that it has amended the terms of its $300 million revolving credit facility, which was established in December 2006, by exercising $150 million of the facility accordion feature.
With the facility expanded to $450 million, $30 million will mature on Dec. 11, 2011, and $420 million will mature on Dec. 11, 2012. Sigma said the facility will provide liquidity backup for its commercial program that has been expanded to $450 million and will be used for general corporate purposes.
Sigma said that eight banks participated in the credit facility, which was arranged by Wells Fargo Bank, National Association, and Bank of America.

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