---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-001536"
form_type: "8-K"
ticker: "ILMN"
cik: "0001110803"
company_name: "ILLUMINA, INC."
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:08:56.020889+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Illumina enters $750M senior unsecured revolving credit facility, replaces prior agreement

## Summary
- New 5-year credit facility with Bank of America as administrative agent; matures Jan 4, 2028, with two optional 1-year extensions.
- Interest rate based on Term SOFR or alternate base rate plus spread tied to debt ratings; initial pricing at Level III (1.125% SOFR spread).
- Proceeds for working capital and general corporate purposes; no borrowings outstanding at signing.
- Includes option to increase commitments by up to $250M subject to lender consent.
- Replaces and terminates previous $750M credit agreement dated March 8, 2021.

## SEC filing metadata
- accession: 0001193125-23-001536
- form_type: 8-K
- ticker: ILMN
- cik: 0001110803
- company_name: ILLUMINA, INC.
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/0001193125-23-001536-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/d443370d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-001536
- JSON: https://secwatch.observer/filing/0001193125-23-001536.json
- Plain text: https://secwatch.observer/filing/0001193125-23-001536.txt

## Key facts
- Debt Financings
  ILLUMINA, INC. incurred revolving credit of $750 million with Bank of America, N.A. and other lenders maturing January 4, 2028.
  - Instrument: revolving credit
  - Principal: $750 million
  - Counterparty: Bank of America, N.A. and other lenders
  - Maturity: January 4, 2028
  - Event: incurrence
  source text: The Credit Agreement provides for a $750 million senior unsecured five-year revolving credit facility (with a $40 million sublimit for swingline borrowings and a $50 million sublimit for letters of credit) (the "Credit Facility").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/0001193125-23-001536-index.htm
- Material Agreements
  ILLUMINA, INC. terminated Existing Credit Agreement with Bank of America, N.A., as administrative agent, an issuing bank and the swingline lender (effective 2023-01-04).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, an issuing bank and the swingline lender
  - Effective: 2023-01-04
  source text: (“Illumina” or the “Company”) entered into a credit agreement (the “Credit Agreement”) among the Company, as the borrower, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent, an issuing bank and the swingline lender, and the other issuing banks from time to time party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/0001193125-23-001536-index.htm
- Material Agreements
  ILLUMINA, INC. entered into Credit Agreement with Bank of America, N.A., as administrative agent, an issuing bank and the swingline lender valued at $750 million (effective 2023-01-04).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, an issuing bank and the swingline lender
  - Value: $750 million
  - Effective: 2023-01-04
  source text: On January 4, 2023, Illumina, Inc. (“Illumina” or the “Company”) entered into a credit agreement (the “Credit Agreement”) among the Company, as the borrower, the lenders from time to time party thereto, Bank of America, N.A., as administrative agent, an issuing bank and the swingline lender, and the other issuing banks from time to time party thereto.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1110803/000119312523001536/0001193125-23-001536-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.