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IDEX Corporation Closes Five-Year, $600 Million Senior Revolving Credit Facility

By: Finance News

IDEX Corporation (NYSE:IEX) today announced that it has closed an amended five-year, $600 million senior revolving credit facility. The facility was financed through a syndication of 15 financial institutions, co-led by Banc of America Securities LLC and Wachovia Capital Markets, LLC, with LaSalle Bank, N.A., Mizuho Corporate Bank, Ltd., and The Bank of Tokyo-Mitsubishi UFJ, Ltd., acting as co-documentation agents.

The amended credit facility was timed to capitalize on current, favorable market conditions and replaces the company’s previous $600 million credit facility, which had been due to expire on December 14, 2009.

Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. The company’s actual performance may differ materially from that indicated or suggested by any such statements. There are a number of factors that could cause those differences, including those factors presented in the company’s most recent annual report and other company filings with the U.S. Securities and Exchange Commission.

About IDEX

IDEX Corporation is an applied solutions company specializing in fluid and metering technologies, health and science technologies, dispensing equipment, and fire, safety and other diversified products built to its customers’ exacting specifications. Its products are sold in niche markets to a wide range of industries throughout the world. IDEX shares are traded on the New York Stock Exchange and Chicago Stock Exchange under the symbol “IEX”.

Article Source: http://www.share.onlypunjab.com

For further information on IDEX Corporation and its business units, visit the companys Web site at www.idexcorp.com.

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