secwatch.observer — SEC 8-K summary
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Issuer:     LABCORP HOLDINGS INC. (LH)
CIK:        0000920148
Form:       8-K
Filed at:   2025-01-31T23:59:59+00:00
Accession:  0000920148-25-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Labcorp upsizes receivables facility from $300M to $700M, adds TD Bank and MUFG as purchasers
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920148/000092014825000017/0000920148-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920148/000092014825000017/lh-20250131.htm
  HTML page:      https://secwatch.observer/filing/0000920148-25-000017

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