LeCroy repays, terminates RBS facility upon merging with Teledyne

By Marisa Wong

Madison, Wis., Aug. 6 - LeCroy Corp. terminated its credit agreement with RBS Citizens, NA on Aug. 3, according to an 8-K filed Monday with the Securities and Exchange Commission.

LeCroy repaid all outstanding amounts under the facility, including accrued interest and breakage fees through Aug. 3.

The termination is in connection with a merger between LeCroy and Teledyne Technologies Inc. LeCroy is now a wholly owned subsidiary of Teledyne and has changed its name to Teledyne LeCroy, Inc.

The credit agreement, dated Aug. 11, 2011, originally provided a $75 million revolver due Aug. 8, 2016.

LeCroy is a Chestnut Ridge, N.Y.-based supplier of oscilloscopes, protocol analyzers and related test and measurement equipment. Teledyne is a Thousand Oaks, Calif.-based technology provider.

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