Azenta repays, terminates term loan, also terminates revolver

By Wendy Van Sickle

Columbus, Ohio, Feb. 1 – Azenta, Inc. extinguished on Tuesday the $50.1 million outstanding balance of its original $200 million term loan facility with Morgan Stanley Senior Funding, Inc., JPMorgan Chase Bank, NA and Wells Fargo Securities, LLC and terminated the loan, according to an 8-K filing with the Securities and Exchange Commission.

Azenta used proceeds from the sale of its semiconductor automation business to fund the extinguishment.

The term loan was governed by the company’s credit agreement, dated Oct. 4, 2017.

Azenta also terminated its undrawn $75 million revolver.

The provider of automation, vacuum and instrumentation equipment for multiple markets, including semiconductor manufacturing, technology device manufacturing and life sciences, is based in Chelmsford, Mass.

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