Hologic launches $1.28 billion term loan B repricing proposal

By Sara Rosenberg

New York, July 23 - Hologic Inc. launched on Tuesday a repricing of its term loan B due Aug. 1, 2019, which will be paid down to $1,278,800,000 from $1,478,800,000, according to an 8-K filed with the Securities and Exchange Commission.

With the repricing, the company is seeking an amendment to its credit facility to expand the general basket for restricted junior payments to $250 million and increase the total net leverage threshold for accessing the excess cash flow builder component to 4 times from 3.5 times.

Hologic is a Bedford, Mass.-based provider of diagnostics products, medical imaging systems and surgical products.

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