Invitrogen ready for Applied Bio buy
Invitrogen says the syndication of the $2.65-billion financing for its acquisition of Applied Biosystems has been completed. The term loan A, in the amount of $1.4 billion, and the revolving credit facility, in the amount of $250.0 million, will bear interest at LIBOR plus 250 basis points. The term A has been committed to by 30 bank lenders. The term loan B in the amount of $1.0 billion, which will bear interest at LIBOR plus 300 basis points, has approximately 250 committed lenders.
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