Fisher Scientific amends loan to make Deutsche administrative agent, increase revolver, obtain a term C

By Sara Rosenberg

New York, Dec. 9 - Fisher Scientific International Inc. amended its credit agreement, replacing administrative agent JP Morgan Chase Bank with Deutsche Bank AG, increasing the revolver to $190 million from $175 million and replacing existing term loans with a new $440 million term loan C, according to a filing with the Securities and Exchange Commission.

Deutsche Bank Securities and Banc of America Securities LLC are the joint lead arrangers on the facility, with Credit Suisse First Boston and Bank of America as syndication agents.

The new term loan C carries an interest rate of Libor plus 200 basis points if the leverage ratio is greater than or equal to 3-to-1 and Libor plus 175 basis points if the leverage ratio is less than 3-to-1.

Amortization on the term C is $1,115,662.20 each quarter through March 31, 2009 with payments of $104,979,520.10 due beginning June 30, 2009 through March 31, 2010.

Fisher Scientific is a Hampton, N.H., provider of tailored end-to-end solutions for laboratory, research, and safety needs.

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