BioTelemetry, Inc. announced that the Company is party to an Agreement and Plan of Merger, dated as of December 18, 2020 (the Merger Agreement), with Philips Holding USA Inc., (Parent), and Davies Merger Sub, Inc., and a wholly owned subsidiary of Parent (Purchaser). On February 9, 2021, in connection with the transactions contemplated by the Merger Agreement, the Company terminated the Amended and Restated Credit Agreement (the Credit Agreement), dated January 27, 2020, by and among the Company, the subsidiary guarantors party thereto, the lenders from time to time party thereto and Truist Bank (successor to SunTrust Bank), as administrative agent for the lenders and as issuing bank and swingline lender, and the Amended and Restated Security and Pledge Agreement, dated January 27, 2020, entered into by the Company and each subsidiary guarantor party thereto in favor of Truist Bank, as administrative agent, for the benefit of the holders of the obligations under the Credit Agreement. In connection with the termination, the Company repaid all of the outstanding obligations in respect of principal, interest and fees under the Credit Agreement.