Cytyc gets $150 million revolver

By Sara Rosenberg

New York, June 30 - Cytyc Corp. closed on a new $150 million five-year senior unsecured revolving credit facility, according to a company news release.

JPMorgan Chase Bank acted as administrative agent and Bank of America acted as syndication agent. Other lenders in the syndicate include Citizens Bank of Massachusetts, HSBC Bank USA, SunTrust Bank and Wells Fargo Bank.

There is a $150 million accordion feature.

Borrowings will be used for general corporate purposes.

Cytyc is a Marlborough, Mass.-based women's health company that designs, develops, manufactures and markets innovative and clinically effective products for cervical cancer screening, breast cancer risk assessment, treatment of excessive menstrual bleeding and treatment of breast cancer.

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