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Hologic Refinances Amended Loan and Revolving Credit Agreements

NEW YORK (GenomeWeb) – Hologic said today in a filing with the US Securities and Exchange Commission that it has inked a refinancing of an existing amended and restated credit and guaranty agreement with Bank of America and other lenders.

Under the refinancing amendment, each lender converted its commitments under the original credit agreement into new credit facilities that consist of a $1.5 billion secured term loan to Hologic maturing on Dec. 15, 2023 and a secured revolving credit facility under which the firm may borrow up to $1.5 billion, subject to certain sublimits, with the same maturity date.

Hologic noted that it has already borrowed $350 million under the revolving credit facility, and that the funds may be used to provide working capital and for other general corporate purposes.

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