C. R. Bard lifts revolver to $750 million, extends maturity to 2018

By Marisa Wong

Madison, Wis., Oct. 1 - C. R. Bard, Inc. amended its credit agreement dated Oct. 12, 2011 with JPMorgan Chase Bank, NA as administrative agent to increase the aggregate principal amount of credit available under its unsecured senior revolving credit facility to $750 million from $600 million, according to an 8-K filing with the Securities and Exchange Commission.

The company also extended the commitment termination date to Sept. 26, 2018 from Oct. 12, 2016.

In addition, the amendment allows the company to increase total commitments under the credit facility to $1 billion and.

The amendment also increases the sublimit on the swingline portion of the credit facility and increases the company's maximum permitted debt to total capital ratio.

C. R. Bard, a Murray Hill, N.J.-based maker of medical devices, entered into the amendment on Sept. 26.

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