secwatch.observer — SEC 8-K summary
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Issuer:     CARDINAL HEALTH INC (CAH)
CIK:        0000721371
Form:       8-K
Filed at:   2024-12-09T23:59:59+00:00
Accession:  0000721371-24-000169
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/721371/000072137124000169/0000721371-24-000169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/721371/000072137124000169/cah-20241205.htm
  HTML page:      https://secwatch.observer/filing/0000721371-24-000169

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer