Hologic wraps $1.29 billion term B repricing at Libor plus 275 bps

By Sara Rosenberg

New York, Aug. 2 - Hologic Inc. completed the repricing of its roughly $1,285,000,000 term loan B due Aug. 1, 2019 to Libor plus 275 basis points with a 1% Libor floor from Libor plus 350 bps with a 1% floor, according to a news release.

Talk on the repricing had been Libor plus 275 bps to 300 bps with a 1% Libor floor.

With the repricing, the company amended its credit facility to expand the general basket for restricted junior payments to $250 million from $25 million and increase the total net leverage threshold for accessing the excess cash flow builder component to 4 times from 3.5 times.

Also, the company paid down $200 million of the term loan B, bringing the size down to its current amount.

Goldman Sachs Bank USA was the lead bank on the deal.

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

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