--- schema_version: "secwatch.filing_event.v1" accession: "0000927653-22-000100" form_type: "8-K" ticker: "MCK" cik: "0000927653" company_name: "MCKESSON CORP" filed_at: "2022-11-07T23:59:59+00:00" generated_at: "2026-06-22T06:24:17.893728+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.5 calibrated_materiality_score: 0.5 confidence: "high" source: SEC EDGAR --- # McKesson enters new $4B revolver maturing 2027 and $500M term loan maturing 2025 ## Summary - $4.0B revolving credit facility matures Nov 2027, replaces $4.0B facility set to mature Sep 2024. - $500M unsecured delayed draw term loan matures Nov 2025; available for 90 days after closing. - Financial covenant requires total debt / Consolidated EBITDA ≤ 4.00x; temporary step-up to 4.50x for acquisitions ≥$500M. - No borrowings outstanding under the terminated facility; proceeds for general corporate purposes. - ESG targets (KPIs) may adjust facility fee and margins via amendment. ## SEC filing metadata - accession: 0000927653-22-000100 - form_type: 8-K - ticker: MCK - cik: 0000927653 - company_name: MCKESSON CORP - filed_at: 2022-11-07T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.5 - calibrated_materiality_score: 0.5 - confidence: high - sec_items: 1.01, 1.02, 2.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/0000927653-22-000100-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/mck-20221107.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0000927653-22-000100 - JSON: https://secwatch.observer/filing/0000927653-22-000100.json - Plain text: https://secwatch.observer/filing/0000927653-22-000100.txt ## Key facts - Debt Financings MCKESSON CORP incurred term loan of up to $500 million with Toronto Dominion (Texas) LLC, as administrative agent at Term SOFR, a prime rate or alternative overnight rates as applicable plus agreed maturing November 2025. - Instrument: term loan - Principal: up to $500 million - Counterparty: Toronto Dominion (Texas) LLC, as administrative agent - Rate: Term SOFR, a prime rate or alternative overnight rates as applicable plus agreed - Maturity: November 2025 - Event: incurrence source text: to 1.00 (with a temporary step-up to 4.50x to 1.00 upon election by the Company after the consummation of an acquisition involving payment of cash consideration of at least $500 million). The remaining terms and conditions of the New Revolving Credit Facility are substantially similar to those previously in place under the Existing Credit Facility. The New evidence_url: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/0000927653-22-000100-index.htm - Debt Financings MCKESSON CORP incurred revolving credit of up to $4.0 billion with Bank of America, N.A., as administrative agent at Term SOFR for credit extensions denominated in US Dollars, the Sterling Overnigh maturing November 2027. - Instrument: revolving credit - Principal: up to $4.0 billion - Counterparty: Bank of America, N.A., as administrative agent - Rate: Term SOFR for credit extensions denominated in US Dollars, the Sterling Overnigh - Maturity: November 2027 - Event: incurrence source text: of credit issuers party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto. The New Revolving Credit Facility replaced the Company’s existing $4.0 billion five-year senior unsecured revolving credit facility, dated as of September 25, 2019, as amended (the “Existing Credit Facility”), which was filed with the Securities and evidence_url: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/0000927653-22-000100-index.htm - Material Agreements MCKESSON CORP entered into New Revolving Credit Facility with Bank of America, N.A. as administrative agent and the lenders and letter of credit issuers party thereto valued at $4.0 billion (effective 2022-11-07). - Action: entry - Agreement: credit facility - Counterparty: Bank of America, N.A. as administrative agent and the lenders and letter of credit issuers party thereto - Value: $4.0 billion - Effective: 2022-11-07 source text: On November 7, 2022, McKesson Corporation (“McKesson” or the “Company”) entered into a Credit Agreement (the “New Revolving Credit Facility”) among the Company, as borrower, the lenders party thereto, the letter of credit issuers party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto. evidence_url: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/0000927653-22-000100-index.htm - Material Agreements MCKESSON CORP terminated Existing Credit Facility (effective 2022-11-07). - Action: termination - Agreement: credit facility - Effective: 2022-11-07 source text: The New Revolving Credit Facility replaced the Company’s existing $4.0 billion five-year senior unsecured revolving credit facility, dated as of September 25, 2019, as amended (the “Existing Credit Facility”), which was filed with the Securities and Exchange Commission on September 27, 2019 as Exhibit 10.1 to McKesson’s Current Report on Form 8-K. evidence_url: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/0000927653-22-000100-index.htm - Material Agreements MCKESSON CORP entered into New Term Loan Credit Facility with Toronto Dominion (Texas) LLC as administrative agent and the lenders party thereto valued at $500 million (effective 2022-11-07). - Action: entry - Agreement: credit facility - Counterparty: Toronto Dominion (Texas) LLC as administrative agent and the lenders party thereto - Value: $500 million - Effective: 2022-11-07 source text: On November 7, 2022, the Company also entered into a Credit Agreement (the “New Term Loan Credit Facility”), among the Company, as borrower, the lenders party thereto, Toronto Dominion (Texas) LLC, as administrative agent and the other parties thereto. evidence_url: https://www.sec.gov/Archives/edgar/data/927653/000092765322000100/0000927653-22-000100-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.