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Thermo Fisher Enters into New $1.5B Credit Agreement

NEW YORK (GenomeWeb News) – Thermo Fisher Scientific said after the close of the market on Friday that it has entered into a new $1.5 billion credit agreement, replacing the existing $1 billion revolving credit agreement.

The new agreement is a five-year senior unsecured revolving facility, Thermo Fisher said in a document filed with the US Securities and Exchange Commission. Thermo Fisher entered into the new agreement on July 25.

Bank of America is the administrative agent and the swingline lender. Other lenders include Goldman Sachs Bank, JP Morgan, Morgan Stanley, and Barclay Banks, among others.

Proceeds of the credit extensions may go toward repayment of obligations under the prior credit agreement, as well as for working capital, acquisitions, share repurchases, and other general corporate uses.