In connection with the offer, Teledyne, together with certain of its subsidiaries as guarantors, has entered into a Credit Agreement (the "Bridge Facility") dated December 11, 2016. The lenders under the Bridge Facility are committed to lend up to £345 million to fund the acquisition, and Teledyne has committed to have remain available for borrowing up to $410 million under its $750 million credit facility to fund the acquisition. No amounts have been drawn against the Bridge Facility to date.