Brooks Automation to launch $350 million term loan on Thursday

By Sara Rosenberg

New York, Jan. 30 – Brooks Automation Inc. is set to hold a lenders’ presentation at 10:30 a.m. ET on Thursday to launch a $350 million senior secured term loan B, according to a market source.

Morgan Stanley Senior Funding Inc. is the lead bank on the loan.

Proceeds will be used for general corporate purposes, including the previous acquisition of Genewiz Group, a South Plainfield, N.J.-based genomics service provider, and to refinancing existing debt.

Brooks is a Chelmsford, Mass.-based provider of automation and cryogenic solutions.

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