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Quintiles refinances, adds $1.95bn in secured credit facilities

2015-05-15 18:24:11| IT Services - Topix.net

Quintiles has completed its previously announced refinancing in which it entered into new senior secured credit facilities totaling $1.95bn, consisting of a $500m revolving credit facility and $1.45bn of term loans. In addition, the company via wholly-owned subsidiary Quintiles Transnational completed the offering of its $800m principal amount of 4.875% senior unsecured notes due 2023 in a private placement that is exempt from the registration requirements of the Securities Act of 1933.

Tags: credit facilities adds secured

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