Omnicell enters into $75 million revolving credit facility due 2018

By Tali David

Minneapolis, Sept. 26 - Omnicell, Inc. entered into a $75 million revolving credit facility on Sept. 25, according to an 8-K filed with the Securities and Exchange Commission.

The revolver matures on Sept. 25, 2018.

Wells Fargo Bank, NA is the administrative agent.

The agreement allows Omnicell to request one or more increases in the aggregate commitment of up to $25 million. It also includes a letter-of-credit sublimit of up to $10 million.

Loans under the agreement bear interest at one-month Libor plus 175 basis points.

Undrawn amounts under the credit agreement bear interest at 25 bps per annum, based on the average daily amount of unused commitments.

Omnicell is a Mountain View, Calif.-based company that provides automated services for medication and supply management in health care in the United States and internationally.

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