Thermo Fisher Scientific Inc.’s $3 Billion Revolving Credit Facility

Simpson Thacher represented Bank of America, N.A. as administrative agent and lead arranger, and the other lead arrangers on the deal.

Thermo Fisher Scientific Inc. executed the refinancing of $3 billion revolving credit facility that closed on December 4, 2020. The proceeds of the revolving credit facility are available to repay all obligations under Thermo Fisher’s existing credit agreement and for working capital and other general corporate purposes.

Thermo Fisher, the world leader in serving science, has more than 75,000 employees and serves customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental, industrial quality and process control industries.

The Simpson Thacher team included Patrick Ryan (Picture), Ismael Duran and Christine Marshall (Banking and Credit); Jonathan Goldstein and Morgan Otway (Tax); and Jeanne Annarumma (ECEB).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Ismael Duran – Simpson Thacher & Bartlett; Jonathan Goldstein – Simpson Thacher & Bartlett; Christine Marshall – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Patrick Ryan – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Bank of America;

Author: Ambrogio Visconti