FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Wells Fargo Agents Facility Increase for Boston Scientific to $400MM

February 13, 2017, 07:00 AM
Filed Under: Medical

Boston Scientific Corporation entered into a Second Amended and Restated Credit and Security Agreement by and among Boston Scientific Funding LLC (the “Borrower”), Wells Fargo Bank, National Association and Sumitomo Mitsui Banking Corporation, New York Branch, as Lenders, Wells Fargo Bank, National Association and SMBC Nikko Securities America, Inc., as Co-Agents, and Wells Fargo Bank, National Association, as Administrative Agent,

The company extended the term of the Amended and Restated Credit Agreement, dated as of November 7, 2007 (the “Credit Agreement”), through February 7, 2019 and increased the aggregate commitments to $400,000,000. The amendement also allows the Lenders to extend credit directly or through conduits,  allow Lenders, at the request of the Borrower, to extend LIBOR loans bearing interest by reference to Libor Market Index Rate, and  make certain other amendments to the Credit Agreement as set forth therein,

Week's News

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.