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Life Technologies Requests Waiver on Existing Credit Agreement

NEW YORK (GenomeWeb News) – Life Technologies disclosed in a filing with the US Securities and Exchange Commission yesterday that it has requested a waiver under an existing credit agreement with lenders dated Nov. 21, 2008.

If approved, the waiver would enable Life Technologies to incur indebtedness in the form of unsecured, fixed-rate or floating-rate securities, in one or more series. The firm would use the proceeds to prepay term loan indebtedness under the credit agreement.

The parties to the credit agreement include Bank of America as administrative agent, UBS Securities and Morgan Stanley Senior Funding as co-syndication agents, and DnB Nor Bank and the Bank of Nova Scotia as co-documentation agents.

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