The financial regulatory filing issued by Illumina to disclose the new $750 million credit facility is almost identical to its statement about the 2021 agreement. One of the options for setting the variable interest rate is now the “term secured overnight financing rate,” not the “eurocurrency,” and “a credit spread adjustment equal to 0.10% per annum” will apply to loans bearing interest based on the new option.
Other changes are the resetting of the date on when payment is due, from March 8, 2026 to Jan. 4, 2028, and updates to the information about the bankers on the other side of the deal.
