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IDEX Closes $700MM Credit Facility With BofA, Others

June 24, 2015, 07:49 AM
Filed Under: Chemicals

IDEX Corporation announced it has closed a new five year, $700 million senior revolving credit facility. The facility was financed through a syndication of 10 financial institutions, co–led by Bank of America, N.A., JP Morgan Chase, N.A., and Wells Fargo, N.A., with Mizuho Bank, Ltd., Barclays Bank plc, and U.S. Bank, N.A., acting as co–documentation agents.

The new facility was timed to capitalize on current favorable market conditions and replace the company’s existing $700 million credit facility, which was due to expire in June, 2016.

IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, and fire, safety and other diversified products built to its customers’ exacting specifications.

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