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.
In a document filed with the US Securities and Exchange Commission, Danaher said that on Monday it sent a notice to Morgan Stanley Senior Funding saying that as of Oct. 1, commitments to a 364-day unsecured revolving $3 billion credit facility would be reduced to $1 billion.
Danaher entered into the facility in June with Morgan Stanley Senior Funding as the administrative agent. It reduced its commitments to $2.2 billion in late June and to $1.5 billion in July.
It entered into the facility in connection with its $6.8 billion acquisition of Beckman Coulter.