PerkinElmer Reaches Deal for $1B Credit Facility

PerkinElmer said after the close of the market on Tuesday that it has entered into an agreement for a new $1 billion unsecured revolving credit facility available through Sept. 17, 2024.
 
The credit facility replaces the unsecured credit facility dated Aug. 11, 2016 for $1 billion, PerkinElmer said in a document filed with the US Securities and Exchange Commission.
 
Bank of America is the administrative agent, swing line lender, and line of credit issuer for the new agreement. JP Morgan Chase Bank and Wells Fargo Bank are the co-syndication agents, while BofA Securities, JP Morgan Chase Bank, and Wells Fargo Securities are the joint lead arrangers and joint bookrunners.
 
Last week, the Waltham, Massachusetts-based company said it would redeem all of its outstanding 5 percent unsecured notes due in 2021, and offer $850 million in aggregate principal 3.3 percent senior notes due in 2029.