Increased Credit Facility
IDEX Corporation announced that it has closed a new five-year, $600 million senior revolving credit facility.
The facility was financed through a syndication of 17 financial institutions, co-led by Banc of America Securities LLC and Wachovia Capital Markets LLC, with ABN AMRO Bank, N.V., Mizuho Corporate Bank, Ltd., and U.S. Bank National Association acting as co-agents.
The increased credit facility was timed to capitalize on current, favorable market conditions and replaces the company's previous $300 million credit facility, which had been due to expire on June 8, 2006.
Source: IDEX Corporation