Hologic repays most of its bank debt

By Sara Rosenberg

New York, Feb. 7 - Hologic Inc. repaid a significant amount of its credit facility debt during the quarter ended Dec. 29, according to a 10-Q filed with the Securities and Exchange Commission Thursday.

The company repaid its $1.1 billion term loan X and $250 million term loan B-2, and a pro rata portion of its term loan B-1 and term loan A using proceeds from a convertible note offering.

In addition, the company made voluntary prepayments $141 million under its term loan A and $59 million under its term loan B-1.

As a result of the prepayments, as of Dec. 29, the company only had $208 million in term loan A debt and $87 million in term loan B-1 debt.

Hologic is a Bedford, Mass.-based medical technologies company.

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