Agilent amends to allow for another $500 million of incremental loans

By Sarah Lizee

Olympia, Wash., Oct. 22 – Agilent Technologies, Inc. amended its credit agreement on Monday with BNP Paribas as administrative agent, refreshing the amount available for additional incremental term loan facilities to $500 million, according to an 8-K filing with the Securities and Exchange Commission.

The company previously used the initial incremental facilities in full.

The proceeds of any incremental term loans will be used for working capital and general corporate purposes of the company and its subsidiaries.

The company said it is not borrowing under the additional incremental facilities at this time.

Incremental loans under the credit agreement are subject to financial covenants.

The bio-analytic and electronic measurement technology company is based in Santa Clara, Calif.

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