ResMed expands senior revolving credit facility to $1.3 billion

By Marisa Wong

Morgantown, W.Va., Jan. 12 – ResMed Inc. amended its credit agreement dated Oct. 31, 2013 to increase the size of its senior unsecured revolving credit facility to $1.3 billion from $1 billion, according to an 8-K filing with the Securities and Exchange Commission.

The amended facility includes an uncommitted option to increase the revolver by an additional $300 million.

ResMed’s obligations continue to be guaranteed by direct and indirect U.S. subsidiaries, including ResMed Corp., ResMed Motor Technologies Inc., Birdie Inc., Inova Labs, Inc., Brightree LLC, Brightree Services LLC, Brightree Home Health & Hospice LLC and Strategic AR LLC.

MUFG Union Bank, NA and HSBC Bank USA, NA are joint lead arrangers, with MUFG as administrative agent and HSBC as syndication agent.

ResMed is a San Diego-based medical device company focused on the diagnosis, treatment and management of sleep-disordered breathing, COPD and other chronic conditions. The company entered into the amendment on Jan. 9.

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