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Integra expands credit facility to include $700M term loan — 4 details Featured

Written by  Adam Schrag | Wednesday, 05 April 2017 17:32
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Plainsboro, N.J.-based Integra LifeSciences announced an expansion of its credit facility consisting of an expanded term loan.

Here are four things to know:

 

1. Integra's bank group is led by Bank of America.

 

2. The company's credit facility will increase from $1.5 billion to $2.2 billion and its existing $1 billion revolving line of credit will remain the same.

 

3. Integra plans to use $700 million of the loan and borrowings from its existing revolving facility to finance its purchase of Codman Neurosurgery from Johnson & Johnson.

 

4. The incremental term loan will be available once the Codman Neurosurgery acquisition is completed.

 

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