NEW YORK — Thermo Fisher Scientific last week disclosed that it has entered into a new $5 billion unsecured five-year revolving credit facility.
Lenders listed on the credit facility include Bank of America, Barclays Bank, Citibank, JP Morgan Chase Bank, and Mizuho Bank. The facility expires on Jan. 7, 2027, but is subject to unlimited one-year extensions at the request of Thermo Fisher and with consent of all the lenders. Thermo Fisher may also request up to an additional $1 billion from the lenders.
The credit facility replaces a previous $3 billion unsecured five-year credit facility, according to Thermo Fisher.
The Waltham, Massachusetts-based company said proceeds from the loans may be used for working capital purposes, capital expenditures, acquisitions, repurchases of stock, debentures and other securities, the refinancing of present and future debt, and other general corporate purposes.