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Parexel pins down loan deal worth up to $500M

Fri, 07/08/2011 - 4:36am
Mass High Tech: The Journal of New England Technology

Contract research organization Parexel International Inc. has entered into a five-year loan agreement for up to $500 million, according to federal documents.

In a filing with the U.S. Securities and Exchange Commission, Parexel said that $400 million would be parsed out as $100 million in a term loan facility and the remaining $300 million in a revolving credit facility. The Waltham-based company also said that it could tap into an additional amount of up to $100 million, subject to specified terms and conditions.

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