Illumina enters $750M 364-day delayed draw credit facility for GRAIL divestiture funding

ILLUMINA, INC.

Credit facility of $750 million entered June 17, 2024, with JPMorgan as administrative agent.
Proceeds to fund GRAIL's balance sheet in connection with planned GRAIL divestiture.
Facility expected to be drawn in full on June 20, 2024, maturing June 19, 2025.
Interest rate variable: currently approx 6.70%; based on SOFR or base rate plus spread.
No borrowings outstanding as of filing; covenant includes max total leverage ratio.

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