IDEXX amends credit agreement, adds $250M term loan and SOFR conversion

IDEXX LABORATORIES INC /DE

Borrowed $250M incremental term loan on Oct 20, 2022 under amended credit facility.
Total capacity increased to up to $1.5B with option for additional $250M term/revolver.
Existing LIBOR-based borrowings will convert to SOFR-based upon interest period expiry.
Interest rates based on SOFR plus margin 0.875%-1.375% depending on leverage ratio.
Covenants reaffirmed; no event of default; obligations remain in full force.

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