Hologic gets $75 million revolver

By Sara Rosenberg

New York, July 25 - Hologic Inc. closed on a new $75 million senior unsecured revolving credit facility due Jan. 23, 2007, according to a company news release.

Bank of America is administrative agent on the deal and JPMorgan is syndication agent.

There is a $75 million accordion feature and an option to extend the tenor to five years.

Financial covenants include a maximum leverage ratio and a minimum interest coverage ratio.

Borrowings will be used to fund a portion of the cash purchase price for the acquisition of Suros Surgical Systems, Inc. and for general corporate purposes.

Hologic is a Bedford, Mass.-based provider of diagnostic imaging and digital imaging systems directed towards women's health.

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