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PerkinElmer Reaches Deal for $1.5B Credit Facility

NEW YORK – PerkinElmer said after the close of the market on Wednesday that it has entered into an agreement for a new $1.5 billion revolving credit facility.

The agreement provides for the unsecured revolving credit facility through Aug. 24, 2026, and replaces an unsecured revolving credit agreement dated Sept. 17, 2019, which provided for a $1 billion unsecured revolving credit facility.

Bank of America was the administrative agent, swing line lender, and line of credit issuer on the transaction. Other lenders included Goldman Sachs Bank USA, JP Morgan Chase Bank, and Wells Fargo Bank NA.

Earlier this month, Waltham, Massachusetts-based PerkinElmer reached an agreement for a $500 million credit facility to help pay for its $5.25 billion acquisition of BioLegend.