Merit Medical Systems enters into new five-year senior secured credit agreement

Merit Medical Systems (NASDAQ:MMSI) on Wednesday said it had entered into a new, five-year senior secured credit agreement.
MMSI stock was unchanged in extended trading, after earlier closing +1% at $85.24.
"The credit agreement includes a revolving credit facility in an aggregate principal amount of up to $700M and a term loan facility in an aggregate principal amount of up to $150M," MMSI said in a statement.
The company added that it had borrowed about $242M under the new credit facilities and that it intended to use the proceeds for general corporate purposes and to pay down debt.
The new credit facilities are scheduled to mature on June 6, 2028.