Cardinal Health enters $2.0B revolving credit facility maturing 2028

CARDINAL HEALTH INC

$2.0 billion revolving credit facility, matures February 25, 2028, with two optional one-year extensions.
Replaces prior credit agreement; backs commercial paper program and general corporate purposes.
Financial covenant requires Consolidated Net Leverage Ratio ≤ 3.75 to 1.00.
Includes sustainability-linked pricing adjustments based on ESG Key Performance Indicators.
Interest rates based on Term SOFR plus spread tied to credit ratings.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

CARDINAL HEALTH INC entered into Third Amended and Restated Five-Year Credit Agreement with JPMorgan Chase Bank, N.A. valued at $2.0 billion (effective 2023-02-27).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $2.0 billion
Effective: 2023-02-27

Exact text from the filing

On February 27, 2023, Cardinal Health, Inc. (the “Company”), JPMorgan Chase Bank, N.A., as Administrative Agent, Joint Lead Arranger and Joint Book Manager, Bank of America, N.A. and Wells Fargo Bank, National Association as Syndication Agents, Barclays Bank PLC, Deutsche Bank Securities, Inc., Goldman Sachs Bank USA, HSBC Bank USA, N.A., and MUFG Bank, Ltd. as Documentation Agents, and BofA Securities, Inc. and Wells Fargo Securities, LLC, as Joint Lead Arrangers and Joint Book Managers, entered into a Third Amended and Restated Five-Year Credit Agreement (the “Credit Agreement”).

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CARDINAL HEALTH INC filing history →

Source: SEC EDGAR

accession 0000721371-23-000014

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