NEW YORK (GenomeWeb News) – Sigma-Aldrich said after the close of the market Wednesday that it has established a new $600 million revolving credit facility.
The new facility matures on May 10, 2017, and replaces a $450 million facility that was scheduled to mature on Dec. 11, 2012. The firm said that the facility will provide it with back up liquidity and will be used for general corporate purposes.
Nine banks participated in the facility with Wells Fargo Bank, National Association acting as administrative agent. Co-lead arrangers for the facility included Wells Fargo Securities; Merrill Lynch; Pierce, Fenner & Smith; and JP Morgan Securities.