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credit facility

By a GenomeWeb staff reporter
NEW YORK (GenomeWeb News) – AssureRx today announced it has secured an $8 million term and revolving credit facility, which it will use to increase adoption of its GeneSightRx test.

By a GenomeWeb staff reporter
NEW YORK (GenomeWeb News) – Danaher reduced its commitments on a credit facility to $1 billion, the conglomerate disclosed after the close of the market on Wednesday.

The company said it had borrowed $455 million under the new credit agreement, of which $435 million was used to pay the outstanding amounts from a previous agreement.

In an SEC document, Danaher disclosed it also has reduced its commitments on a 364-day credit facility it entered into in connection with its purchase of Beckman Coulter, while it terminated another existing credit facility.

The company has entered a bridge credit agreement for $2 billion and a revolving credit agreement for up to $1 billion.

The credit facility consists of a term loan of up to $20 million and a $10 million revolving line of credit, which will be used to purchase capital equipment and expand laboratory capacity.

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