---
schema_version: "secwatch.filing_event.v1"
accession: "0000721371-24-000169"
form_type: "8-K"
ticker: "CAH"
cik: "0000721371"
company_name: "CARDINAL HEALTH INC"
filed_at: "2024-12-09T23:59:59+00:00"
generated_at: "2026-05-29T05:55:32.194931+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Cardinal Health enters $1.0B term loan for acquisitions of GI Alliance and Advanced Diabetes

## Summary
- $1.0B aggregate term loan facility to pay cash consideration and transaction costs for pending acquisitions of GI Alliance (majority equity) and Advanced Diabetes Supply Group.
- Commitment termination date is earlier of both acquisitions close without funding, both termination dates occur, or November 10, 2025.
- Loans mature 3 years after borrowing; interest based on Term SOFR plus Applicable Margin tied to credit ratings.
- Financial covenant requires Consolidated Net Leverage Ratio no greater than 3.75:1.0.
- Customary representations, affirmative/negative covenants (liens, subsidiary debt), and events of default included.

## SEC filing metadata
- accession: 0000721371-24-000169
- form_type: 8-K
- ticker: CAH
- cik: 0000721371
- company_name: CARDINAL HEALTH INC
- filed_at: 2024-12-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/721371/000072137124000169/0000721371-24-000169-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/721371/000072137124000169/cah-20241205.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000721371-24-000169
- JSON: https://secwatch.observer/filing/0000721371-24-000169.json
- Plain text: https://secwatch.observer/filing/0000721371-24-000169.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.