Davis Polk advised Goldman Sachs Bank USA as lead arranger, bookrunner and syndication agent in connection with the refinancing of Hologic, Inc.’s existing tranche B term loan facility with $1.49 billion in new tranche B term loans, which, along with its $975 million tranche A term loan facility and $300 million revolving credit facility, both of which were refinanced in March 2013, had been originally borrowed in August 2012. The refinancing reduced the interest rate margin on the tranche B term loans by 75 basis points at each level and made certain other amendments to the existing credit facilities.
Based in Bedford, Massachusetts, Hologic is a developer, manufacturer and supplier of premium diagnostics products, medical imaging systems and surgical products, with an emphasis on serving the health care needs of women.
The Davis Polk financing team included partner Meyer C. Dworkin, associate Mhairi Collins Immermann and law clerk Scott M. Herrig. Associate John Naughton provided real estate advice. Karen S. Cottrell and Kathleen T. Ray were the legal assistants on the transaction. All members of the Davis Polk team are based in the New York office.