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BofA, Others Arrange $650MM Upsize for AMETEK

November 02, 2018, 07:12 AM
Filed Under: Manufacturing

AMETEK, Inc. announced that it has completed an amended and restated Revolving Credit Facility increasing the size from $850 million to $1.5 billion. The facility, previously due to expire in March 2021, now has a maturity date of October 2023.

"AMETEK's Revolving Credit Facility is a key component of our financing structure. By increasing its size to $1.5 billion, we gain additional flexibility to support our growth initiatives, including strategic acquisitions," commented William J. Burke, Executive Vice President and Chief Financial Officer.

JPMorgan Chase Bank, N.A., Bank of America N.A., Wells Fargo Bank, PNC Bank and SunTrust Bank acted as joint lead arrangers and joint book managers for the credit facility, leading a syndicate that includes five additional banks.




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