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Hologic refinances loan facility, revolving credit line

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Hologic refinances loan facility, revolving credit line

Hologic, Inc. refinanced its existing senior secured term loan facility as well as its revolver credit line.

The company secured a new five-year $1.5 billion senior term loan and negotiated an increase in the size of its revolving credit facility by $500 million to $1.5 billion.

Hologic initially borrowed $345 million from the new revolving credit facility and has used the initial proceeds to pay its prior senior secured term loan and revolver.

The new loan facilities will mature Oct. 3, 2022, subject to adjustment in certain circumstances.

Bank of America Merrill Lynch led the financing participated by multiple bank lenders.