DENTSPLY SIRONA Inc. (XRAY): debt financing — Dentsply Sirona enters $435M bridge loan agreement, borrows full amount to repay commercial paper

DENTSPLY SIRONA Inc.

Bridge loan facility of $435M, 364-day maturity, borrowed in full at closing on March 19, 2025.
Proceeds to repay outstanding commercial paper and for general corporate purposes.
Interest rate: Term SOFR plus 0.875%-1.375% margin based on credit rating, with step-ups after 90, 180, and 270 days.
Duration fees of 0.50%, 0.75%, and 1.00% payable if principal remains outstanding after 90, 180, and 270 days.
Covenants include leverage and interest coverage ratios; mandatory prepayment on debt/equity issuances or asset sales.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

DENTSPLY SIRONA Inc. incurred term loan of $435 million with Goldman Sachs Bank USA at floating rate per annum equal to, at the Company's option, (i) the forward-looki maturing March 18, 2026.

Instrument: term loan
Principal: $435 million
Counterparty: Goldman Sachs Bank USA
Rate: floating rate per annum equal to, at the Company's option, (i) the forward-looki
Maturity: March 18, 2026
Event: incurrence

Exact text from the filing

with respect to a 364-day $435 million term loan (the “Bridge Loan Facility”). The Company borrowed the entire amount of the Bridge Loan Facility at the closing.

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Source: SEC EDGAR

accession 0000818479-25-000042

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