June 23, 2017 8:25 AM ET

Healthcare Equipment and Supplies

Company Overview of IDEXX Distribution, Inc.

Company Overview

IDEXX Distribution, Inc. operates as a subsidiary of IDEXX Laboratories, Inc.

One IDEXX Drive

Westbrook, ME 04092

United States

Phone:

207-556-0300

Key Executives for IDEXX Distribution, Inc.

IDEXX Distribution, Inc. does not have any Key Executives recorded.

IDEXX Distribution, Inc. Key Developments

IDEXX Laboratories, Inc., IDEXX Distribution, Inc., IDEXX Operations, Inc., OPTI Medical Systems, Inc., IDEXX Laboratories Canada Corporation, and IDEXX Europe B.V. Enter into a Second Amended and Restated Credit Agreement

On December 4, 2015, IDEXX Laboratories, Inc., with IDEXX Distribution, Inc., IDEXX Operations, Inc., OPTI Medical Systems, Inc., IDEXX Laboratories Canada Corporation, and IDEXX Europe B.V., entered into a second amended and restated credit agreement relating to a five-year unsecured revolving credit facility in the principal amount of $850 million, among the Borrowers, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, JPMorgan Chase Bank, N.A., Toronto Branch, as Toronto agent, and J.P. Morgan Europe Limited, as London agent. Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Credit Agreement. The Credit Agreement amends and restates that certain amended and restated credit agreement dated as of June 18, 2014 (which provided for a $700 million five-year unsecured revolving credit facility) to extend the maturity to December 4, 2020 and to increase the aggregate commitments available for borrowing by the Borrowers to $850 million with the option to increase the aggregate commitments by $150 million, for an aggregate maximum of up to $1 billion, subject to the Borrowers obtaining commitments from existing or new lenders and satisfying other conditions specified in the Credit Agreement. Borrowings under the Credit Agreement may be used for the general corporate purposes of the Company and its subsidiaries. Borrowings under the Credit Agreement bear interest at a rate equal to, in each case at the Company's option, (1) for borrowings in United States Dollars, either (a) a base rate, determined as the greatest of (i) the prime rate announced by JPMorgan Chase Bank, N.A. in New York, (ii) the Federal Funds Effective Rate plus 0.50% and (iii) the Adjusted LIBO Rate for a one-month Interest Period plus 1%, plus a margin on the base rate ranging from 0.000% to 0.375% based on the Company's consolidated leverage ratio, or (b) a Libor rate determined as the rate administered by ICE Benchmark Administration (or a successor thereto) for a period equal in length to that which appears on Reuters Screen LIBOR01 Page as of 11 a.m. London time on the Quotation Day for such Interest Period multiplied by a statutory reserve rate, plus a margin rate ranging from 0.875% to 1.375% based on the Company's consolidated leverage ratio, (2) for borrowings in Canadian Dollars, either (a) a base rate determined as the greater of (i) the rate equal to the PRIMCAN Index rate that appears on the Bloomberg screen at 10:15 a.m. Toronto time on the Quotation Day and (ii) the sum of the yearly interest to which the one-month CDOR Rate (based on a publicly-reported rate) is equivalent plus 1%, plus a margin on the base rate ranging from 0.000% to 0.375% based on the Company's consolidated leverage ratio (which rate shall be available for swing line borrowings only), or (b) the sum of the average rate for bankers acceptances with a term equal in length to such Interest Period as displayed on CDOR page of the Reuters screen plus 0.05%, plus a margin rate ranging from 0.875% to 1.375% based on the Company's consolidated leverage ratio, (3) for borrowings in Euros, the percentage per annum displayed on the applicable page of the Reuters screen, plus a margin rate ranging from 0.875% to 1.375% based on the Company's consolidated leverage ratio, (4) for borrowings in Australian Dollars, the average bid rate on Reuters Screen BBSY Page for bills of exchange having a term equal to the length of such Interest Period, plus a margin rate ranging from 0.875% to 1.375% based on the Company's consolidated leverage ratio and (5) for borrowings in alternative currencies (other than United States Dollars, Canadian Dollars, Euros and Australian Dollars), the Libor rate appearing on Reuters Screen LIBOR02 Page for such currency for such Interest Period, plus a margin rate ranging from 0.875% to 1.375% based on the Company's consolidated leverage ratio.

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