Brief: Harvard Bioscience Announces New Credit Facility

Harvard Bioscience

22/12/2020 23:20

Harvard Bioscience Inc  HBIO.O :
    * HARVARD BIOSCIENCE ANNOUNCES NEW CREDIT FACILITY
    * HARVARD BIOSCIENCE - REFINANCING OF ITS DEBT WITH CLOSING
OF A
NEW $65 MILLION CREDIT FACILITY
    * HARVARD BIOSCIENCE INC - PROCEEDS FROM NEW FACILITY WILL
BE USED
TO RETIRE EXISTING DEBT AND PAY RELATED FEES AND EXPENSES
    * HARVARD BIOSCIENCE INC - REDUCTION IN INTEREST RATE
ACHIEVED IS
EXPECTED TO PROVIDE OVER $2 MILLION OF ANNUAL CASH INTEREST
SAVINGS IN 2021
    * HARVARD BIOSCIENCE INC - CREDIT AGREEMENT PROVIDES FOR A
TERM
LOAN OF $40.0 MILLION AND A $25.0 MILLION SENIOR REVOLVING
CREDIT FACILITY

Source text for Eikon:  ID:nGNX83gBhj 
Further company coverage:  HBIO.O