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Boston Scientific Amends Credit Facility and Prepays $1 Billion on Loan

Noah_Bodie
Senior Contributor

Boston Scientific Amends Credit Facility and Prepays $1 Billion on Loan


August 23, 2007: 08:30 AM EST

NATICK, Mass., Aug. 23 /PRNewswire-FirstCall/ -- Boston Scientific Corporation today announced that it has successfully amended its $2 billion revolving line of credit and $5 billion term loan agreement, providing the Company additional financial flexibility as it implements initiatives designed to increase shareholder value.
...
In connection with the amended agreement, Boston Scientific prepaid $1 billion of its term loan using $750 million from cash on hand and $250 million from a credit facility secured by U.S. receivables ...

I'm waiting for the post from user BigImportantMoneyGuy that begins:

"Hi, I've been reading these forums for a few weeks, and I have a question. My company has $2.1 billion in debt, $780 million cash on hand, and we want to know what's the best way to refi ..."

I wonder if CFOs get preapproved CC offers in the mail?
Message 1 of 6
5 REPLIES 5
MidnightVoice
Super Contributor

Re: Boston Scientific Amends Credit Facility and Prepays $1 Billion on Loan



Noah_Bodie wrote:
 
 

I'm waiting for the post from user BigImportantMoneyGuy that begins:

"Hi, I've been reading these forums for a few weeks, and I have a question. My company has $2.1 billion in debt, $780 million cash on hand, and we want to know what's the best way to refi ..."

I wonder if CFOs get preapproved CC offers in the mail?


Smiley Very Happy.
 
Brilliant
 
Noah_Bodie for MODERATOR!!!!!!   Smiley Very Happy
 

 
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 2 of 6
Tuscani
Moderator Emeritus

Re: Boston Scientific Amends Credit Facility and Prepays $1 Billion on Loan

Boston Scientific has nothing on my $10gazillionbagillion LOC.
 
 
 
Message 3 of 6
HouseHunter
Frequent Contributor

Re: Boston Scientific Amends Credit Facility and Prepays $1 Billion on Loan



MidnightVoice wrote:

Noah_Bodie for MODERATOR!!!!!!   Smiley Very Happy


Why hasn't that happened already, I wonder?  Noah_Bodie has provided a lot of very useful, practical information and really takes the time to explain things to others.  I'm not playing favorites or anything but he ranks right up there with Brammy and TNWM in my book.  They've all been the most helpful and even entertaining at times.  I always look forward to reading their input even on things that aren't relevent to my situation in the least.  There's my 2¢.


Message Edited by HouseHunter on 08-25-2007 07:11 AM
Message 4 of 6
Noah_Bodie
Senior Contributor
HouseHunter
Frequent Contributor

Re: Boston Scientific Amends Credit Facility and Prepays $1 Billion on Loan

That's too funny.  Haven't you ever heard the Authority Song? 
Message 6 of 6
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