NEW YORK – Qiagen said on Thursday that it has concluded a syndicated revolving credit facility for €400 million (about $490 million) with an interest rate linked to the company's environmental, social, and governance performance.
The agreement, which was significantly oversubscribed by 11 banks, will run for three years, and each lender will be able to extend this period by a year twice. It replaces a facility of the same amount that runs until December 2021 and will be used for general corporate purposes including potential acquisitions.