Teledyne Technologies Incorporated
Teledyne Technologies Amends Credit Agreement
Summary
On June 10, 2024, Teledyne Technologies Incorporated entered into a Second Amended and Restated Credit Agreement. The agreement, which amends and restates its prior credit agreement dated March 4, 2021, provides for up to $1.2 billion in revolving loans and $500 million in letters of credit. The loans mature on June 10, 2029, with interest rates based on Term SOFR, Base Rate, Alternative Currency Term Rate, or Alternative Currency Daily Rate, plus applicable margins.
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About Teledyne Technologies Incorporated
Teledyne Technologies Incorporated is a diversified industrial conglomerate engaged in the design and manufacture of sophisticated technological products and systems. Its operations are divided into several segments, such as digital imaging, instrumentation, aerospace and defense electronics, and engineered systems. The company's primary function is to provide advanced solutions to a variety of market sectors, including aerospace, defense, marine, and energy, as well as environmental monitoring. Teledyne is known for its highly specialized sensors, cameras, and software that facilitate data collection and analysis across these industries. Teledyne’s commitment to research and development has bolstered its reputation as an innovator, ensuring it remains at the forefront of technological advancements within the sectors it serves. The company has made significant contributions to scientific exploration, particularly in areas requiring precise measurement and imaging technology, such as deep-sea exploration and satellite imagery. Its products are crucial for industries that demand high reliability under challenging conditions, underscoring Teledyne’s market significance. The company continues to influence technological innovation and maintain a strong presence in both commercial and governmental markets globally.
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