Teledyne Technologies Incorporated (NYSE:TDY) Files An 8-K Termination of a Material Definitive Agreement
Item 1.02. Termination of a Material Definitive Agreement.
Incorporated (Teledyne) completed the acquisition of e2v
technologies plc (the Acquisition).
certain of its subsidiaries as guarantors, entered into a Credit
Agreement (the Bridge Facility) dated December 11, 2016 with Bank
of America, N.A., as administrative agent and a lender (Bank of
America) and the other lenders parties thereto from time to time.
The lenders under the Bridge Facility committed to lend up to 625
million (later reduced to 345 million) to fund the Acquisition.
The Bridge Facility is filed as Exhibit 10.1 to Teledynes Current
Report on Form 8-K dated December 11, 2016.
Teledyne that the Bridge Facility was terminated effective March
28, 2017, following delivery of payment of the consideration for
the Acquisition to the receiving (paying) agent. No amounts were
drawn under the Bridge Facility.
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Exhibit 99.1
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Letter dated March 31, 2017, from Bank of America, N.A.
confirming termination of Bridge Facility |
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About Teledyne Technologies Incorporated (NYSE:TDY)
Teledyne Technologies Incorporated provides enabling technologies for industrial markets. The Company caters to a range of markets, which include deepwater oil and gas exploration and production, oceanographic research, and air and water quality environmental monitoring. Its products include monitoring and control instrumentation for marine and environmental applications, harsh environment interconnects, and electronic test and measurement equipment. The Company operates through four segments: Instrumentation, which provides monitoring and control instruments for marine, environmental, industrial and other applications; Digital Imaging, which include sensors, cameras and systems, within the visible, infrared, ultraviolet and X-radiation (X-ray) spectra; Aerospace and Defense Electronics, which provides electronic components, subsystems and communications products, and Engineered Systems, which provides systems engineering and integration and technology development. Teledyne Technologies Incorporated (NYSE:TDY) Recent Trading Information
Teledyne Technologies Incorporated (NYSE:TDY) closed its last trading session down -0.44 at 126.02 with 128,004 shares trading hands.
