BRUKER CORP (BRKR): debt financing — Bruker enters CHF 450M term loan facilities (3/5/7-year) for general corporate purposes

BRUKER CORP

Entered CHF 150M three-year, CHF 150M five-year, and CHF 150M seven-year term loan facilities on March 29, 2024.
Facilities are unsecured, guaranteed by certain subsidiaries; interest at SARON plus margin (1.000%-1.750% based on leverage).
Delayed draw available until Sept 30, 2024; no initial borrowing; proceeds for M&A, refinancing, working capital, capex.
Quarterly amortization starts June 2024 (3/5-yr) or June 2026 (7-yr); prepayable without penalty.
Covenants include leverage ratio test and usual representations; defaults trigger acceleration.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BRUKER CORP incurred term loan of CHF 150 million three-year term loan facility with Bank of America, N.A. at SARON plus a margin ranging from 1.000% to 1.500% maturing three-year.

Instrument: term loan
Principal: CHF 150 million three-year term loan facility
Counterparty: Bank of America, N.A.
Rate: SARON plus a margin ranging from 1.000% to 1.500%
Maturity: three-year
Event: incurrence

Exact text from the filing

The Three- and Five-Year Term Loan Agreement provides for a (i) CHF 150 million three-year term loan facility

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BRUKER CORP incurred term loan of CHF 150 million five-year term loan facility with Bank of America, N.A. at SARON plus a margin ranging from 1.000% to 1.500% maturing five-year.

Instrument: term loan
Principal: CHF 150 million five-year term loan facility
Counterparty: Bank of America, N.A.
Rate: SARON plus a margin ranging from 1.000% to 1.500%
Maturity: five-year
Event: incurrence

Exact text from the filing

On March 29, 2024 (the “Effective Date”), the Company, as borrower, entered into (i) a term loan agreement with Bank of America, N.A., as administrative agent, BofA Securities, Inc., JPMorgan Chase Bank, N.A., TD Bank, N.A.

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

BRUKER CORP incurred term loan of CHF 150 million seven-year term loan facility with Bank of America, N.A. at SARON plus a margin ranging from 1.250% to 1.750% maturing seven-year.

Instrument: term loan
Principal: CHF 150 million seven-year term loan facility
Counterparty: Bank of America, N.A.
Rate: SARON plus a margin ranging from 1.250% to 1.750%
Maturity: seven-year
Event: incurrence

Exact text from the filing

the Seven-Year Term Loan Agreement provides for a CHF 150 million seven-year term loan facility

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.92

BRUKER CORP entered into Three- and Five-Year Term Loan Agreement with Bank of America, N.A. valued at CHF 150 million three-year term loan facility and CHF 150 million five-year term loan facility (effective 2024-04-02).

Action: entry
Agreement: credit facility
Counterparty: Bank of America, N.A.
Value: CHF 150 million three-year term loan facility and CHF 150 million five-year term loan facility
Effective: 2024-04-02

Exact text from the filing

The Three- and Five-Year Term Loan Agreement provides for a (i) CHF 150 million three-year term loan facility and (ii) CHF 150 million five-year term loan facility

View on SEC.gov

299 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0000950170-24-039776

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