NEW YORK (GenomeWeb News) – Life Technologies has entered into an agreement to establish a $750 million revolving credit facility, it disclosed in a document filed with the US Securities and Exchange Commission after the close of the market on Tuesday.
Bank of America is the administrative agent, swing line lender, and L/C issuer under the arrangement. Life Tech along with Applied Biosystems BV, Life Technologies Europe BV, and Life Technologies Finance Limited have the right to borrow under the facility.