debt
confidence high
sentiment neutral
materiality 0.50
Myriad Genetics increases revolving credit facility by $25M to $115M, adds Goldman Sachs as lender
MYRIAD GENETICS INC
- Revolving credit facility raised from $90M to $115M; $25M new commitment from Goldman Sachs Bank USA.
- Amendment consents to South Chipeta lease assignment and sale of office furniture/equipment (value ≤$4.3M).
- Extended deadline for compliance with certain post-closing obligations of the original credit agreement.
- Loan parties reaffirm guarantees and security interests; Lien on South Chipeta personal property to be released.