The Firm represented Bank of America, N.A. as administrative agent and lead arranger, and the other lead arrangers party thereto, in connection with the refinancing of Thermo Fisher Scientific Inc.’s $3 billion revolving credit facility that closed on December 4, 2020. The proceeds of the revolving credit facility are available to repay all obligations under Thermo Fisher’s existing credit agreement and for working capital and other general corporate purposes.
Thermo Fisher, the world leader in serving science, has more than 75,000 employees and serves customers within pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions and government agencies, as well as in environmental, industrial quality and process control industries.
The Simpson Thacher team included Patrick Ryan and Christine Marshall (Banking and Credit); Jonathan Goldstein and Morgan Otway (Tax); and Jeanne Annarumma (ECEB).