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Illumina | 8-K: Current report

Illumina | 8-K: Current report

Illumina | 8-K:重大事件
美股SEC公告 ·  2024/06/17 20:35

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Illumina has entered into a 364-day delayed draw credit agreement with JPMorgan Chase Bank on June 17, 2024, establishing a senior unsecured term loan facility of up to $750 million. The facility carries a current borrowing rate of approximately 6.70% and can be drawn until May 5, 2025, or earlier based on specific conditions related to GRAIL transactions.The credit facility's proceeds are designated to fund GRAIL's balance sheet in connection with Illumina's planned divestment. The agreement includes financial covenants maintaining a maximum total leverage ratio and operating covenants limiting subsidiary indebtedness, liens on assets, and fundamental changes. The facility is expected to be fully drawn on June 20, 2024, with maturity set for June 19, 2025.The credit agreement allows for prepayment without premium or penalty, except for customary breakage costs. As of the report date, no borrowings were outstanding under the facility. The variable interest rate is based on either the term secured overnight financing rate or the alternate base rate, plus an applicable rate varying with the company's debt rating.
Illumina has entered into a 364-day delayed draw credit agreement with JPMorgan Chase Bank on June 17, 2024, establishing a senior unsecured term loan facility of up to $750 million. The facility carries a current borrowing rate of approximately 6.70% and can be drawn until May 5, 2025, or earlier based on specific conditions related to GRAIL transactions.The credit facility's proceeds are designated to fund GRAIL's balance sheet in connection with Illumina's planned divestment. The agreement includes financial covenants maintaining a maximum total leverage ratio and operating covenants limiting subsidiary indebtedness, liens on assets, and fundamental changes. The facility is expected to be fully drawn on June 20, 2024, with maturity set for June 19, 2025.The credit agreement allows for prepayment without premium or penalty, except for customary breakage costs. As of the report date, no borrowings were outstanding under the facility. The variable interest rate is based on either the term secured overnight financing rate or the alternate base rate, plus an applicable rate varying with the company's debt rating.
2024年6月17日,Illumina公司與放款人以及JPMorgan Chase銀行(作爲行政代理)簽訂了一項爲期364天的延後提款信貸協議。該協議爲Illumina提供了高達7.5億美元的優先無抵押期限貸款信貸額度,可在2025年5月5日或GRAIL交易相關某些特定條件下更早地下調。信貸額度可以在2024年6月20日全額提取,帶有可變利率,旨在爲公司計劃的GRAIL,LLC出售提供資金支持。Illumina受到財務和經營契約的制約,包括最大總槓桿比率以及關於附屬公司負債、資產抵押和資產處置的限制。公司可以無罰金預付貸款,截至報告日尚未取得任何借款。該信貸額度預計於2025年6月19日到期。
2024年6月17日,Illumina公司與放款人以及JPMorgan Chase銀行(作爲行政代理)簽訂了一項爲期364天的延後提款信貸協議。該協議爲Illumina提供了高達7.5億美元的優先無抵押期限貸款信貸額度,可在2025年5月5日或GRAIL交易相關某些特定條件下更早地下調。信貸額度可以在2024年6月20日全額提取,帶有可變利率,旨在爲公司計劃的GRAIL,LLC出售提供資金支持。Illumina受到財務和經營契約的制約,包括最大總槓桿比率以及關於附屬公司負債、資產抵押和資產處置的限制。公司可以無罰金預付貸款,截至報告日尚未取得任何借款。該信貸額度預計於2025年6月19日到期。
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