debt
confidence high
sentiment neutral
materiality 0.40
Teledyne enters $1.2B credit facility maturing 2029, replacing existing revolver
TELEDYNE TECHNOLOGIES INC
- New $1.2B revolving credit facility matures June 10, 2029; L/C sublimit raised to $500M.
- Interest rates based on SOFR/Base Rate plus margins tied to credit ratings, consistent with prior deal.
- Designated borrowers include Teledyne Netherlands B.V. and Teledyne Digital Imaging, Inc.
- Teledyne FLIR, LLC is a subsidiary guarantor under the amended agreement.
- The facility amends and restates the Prior Credit Agreement dated March 2021.