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Thermo Electron Secures $250M in Revolving Credit Through 2009

NEW YORK, Dec. 21 (GenomeWeb News) - Thermo Electron has signed a five-year agreement for up to $250 million in a revolving line of credit with Barclays Bank, Thermo disclosed yesterday in an SEC filing.

 

The agreement replaces existing one-year and three-year credit agreements, which were set to expire on Dec. 17, 2004 and Dec. 20, 2005, respectively.

 

The aggregate amount of the credit may be increased at Thermo's request by up to $100 million, the filing states.

 

The company said in the filing that it has not borrowed any amount under the current or prior credit agreements.

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