DENTSPLY SIRONA amends credit facility and notes to keep leverage covenants in compliance

DENTSPLY SIRONA Inc.

Third Amendment to Credit Agreement (Sept 30, 2026), with JPMorgan Chase as administrative agent, raises max Total and Senior Leverage Ratios for quarters ending Sept 30 and Dec 31, 2026.
Note Purchase Agreement Amendment No. 5 executed for the 2015, 2016 and 2019 note purchase agreements; incremental interest owed if total leverage ratio meets specified thresholds.
Until the FY2026 compliance certificate is delivered, new liens and new subsidiary debt are generally prohibited and restricted payments are limited, with carveouts.
Permits an additional EBITDA addback for certain cash charges in the Sept 30 and Dec 31, 2026 quarters; adds a new pricing level for applicable margin and facility fee.
Company states revised terms are intended to maintain compliance with debt covenants in all material respects, with quarterly reporting on initiatives and related costs and savings.

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