LABCORP HOLDINGS INC. (LH): debt financing — Labcorp upsizes receivables facility from $300M to $700M, adds TD Bank and MUFG as purchasers

LABCORP HOLDINGS INC.

Facility limit increased from $300M to $700M under amended Receivables Purchase Agreement.
The Toronto-Dominion Bank added as committed purchaser with commitment through Jan 30, 2026.
MUFG Bank and its conduit purchasers joined; their loans may accrue at CP Rate plus applicable margin.
Other purchasers' interest rate unchanged: daily/term SOFR plus 0.10% or base rate, plus margin.
Labcorp Receivables LLC remains a separate entity; its assets not available to Labcorp creditors.

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

LABCORP HOLDINGS INC. amended credit facility of increased from $300 million to $700 million with PNC Bank, National Association, as administrative agent at equal to the CP Rate (as defined in the Receivables Purchase Agreement) plus an.

Instrument: credit facility
Principal: increased from $300 million to $700 million
Counterparty: PNC Bank, National Association, as administrative agent
Rate: equal to the CP Rate (as defined in the Receivables Purchase Agreement) plus an
Event: amendment

Exact text from the filing

e agreement (as amended, the “Receivables Purchase Agreement”) by entering into the First Amendment to the Receivables Purchase Agreement (the “RPA Amendment”), among Labcorp Receivables LLC (“Labcorp Receivables”), Laboratory Corporation of America Holdings, PNC Bank, National Association, as administrative agent and the other parties party thereto and acknowledged and agreed by the Company.

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Source: SEC EDGAR

accession 0000920148-25-000017

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