Teledyne technologies incorporated and teledyne netherlands b.v., as borrowers, entered into an amended and restated term loan credit agreement
Teledyne and its subsidiary, teledyne netherlands b.v., as borrowers, entered into an amended and restated term loan credit agreement (the “amended term loan credit agreement”) that amends and restates the term loan credit agreement dated as of march 17, 2017, by and among teledyne and teledyne netherlands bv, as borrowers, the several banks and other financial institutions from time to time parties thereto as lenders, bank of america, n.a., as administrative agent, and bofa securities inc., as sole book manager and sole lead arranger (the “existing term loan credit agreement”). pursuant to the amended term loan credit agreement, the lenders thereunder made unsecured term loans in an aggregate principal amount of $150 million, denominated in us dollars, $100 million of which was used to repay outstanding loans under the existing term loan credit agreement, which had a maturity date of october 30, 2019. teledyne brown engineering inc., teledyne instruments inc., teledyne scientific & imaging, llc, teledyne lecroy inc., teledyne defense electronics, llc and teledyne technologies international corp., each of which is a subsidiary of teledyne and a guarantor of the indebtedness under the credit agreement (as defined below) and certain other indebtedness of teledyne, are also guarantors of the loans made under the amended term loan credit agreement. teledyne is also a guarantor for the loans made under the amended term loan credit agreement to teledyne netherlands b.v.
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