secwatch / observer
8-K filed April 6, 2026, 7:59 PM ET ticker MCK CIK 0000927653
debt confidence high sentiment neutral materiality 0.50

MCKESSON CORP (MCK): debt financing — McKesson unit enters $2B senior secured credit facility with term loans and revolver

MCKESSON CORP

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

MCKESSON CORP incurred credit facility of $750.0 million senior secured term A loan facility due 2031, $250.0 million senior secured term A loan facility due 2028 with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent at Adjusted Term SOFR Rate plus applicable margin of 1.250% per annum or Base Rate maturing Term Loan A-1 Facility due 2031, Term Loan A-2 Facility due 2028, Revolving Credit Facility matures April 1, 2031.

Instrument
credit facility
Principal
$750.0 million senior secured term A loan facility due 2031, $250.0 million senior secured term A loan facility due 2028
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Rate
Adjusted Term SOFR Rate plus applicable margin of 1.250% per annum or Base Rate
Maturity
Term Loan A-1 Facility due 2031, Term Loan A-2 Facility due 2028, Revolving Credit Facility matures April 1, 2031
Event
incurrence
Exact text from the filing
On April 1, 2026, certain of McKesson Corporation’s (the “Company”) subsidiaries, including McKesson Medical-Surgical Top Holdings, Inc. (the “Borrower”), entered into a credit agreement (the “Credit Agreement”) with the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent providing for (i) a $750.0 million senior secured term “A” loan facility due 2031 (the “Term Loan A-1 Facility”), (ii) a $250.0 million senior secured term “A” loan facility due 2028 (the “Term Loan A-2 Facility” and, together with the Term Loan A-1 Facility, the “Term Loan A Facilities”) and (iii) a $1,000.0 million senior secured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan A Facilities, the “Senior Secured Credit Facilities”).
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MCKESSON CORP entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent and collateral agent valued at $2,000.0 million (effective 2026-04-01).

Action
entry
Agreement
credit facility
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent and collateral agent
Value
$2,000.0 million
Effective
2026-04-01
Exact text from the filing
On April 1, 2026, certain of McKesson Corporation’s (the “Company”) subsidiaries, including McKesson Medical-Surgical Top Holdings, Inc. (the “Borrower”), entered into a credit agreement (the “Credit Agreement”) with the lenders and issuing banks party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent providing for (i) a $750.0 million senior secured term “A” loan facility due 2031 (the “Term Loan A-1 Facility”), (ii) a $250.0 million senior secured term “A” loan facility due 2028 (the “Term Loan A-2 Facility” and, together with the Term Loan A-1 Facility, the “Term Loan A Facilities”) and (iii) a $1,000.0 million senior secured revolving credit facility (the “Revolving Credit Facility” and, together with the Term Loan A Facilities, the “Senior Secured Credit Facilities”).
View on SEC.gov

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Source: SEC EDGAR
accession 0000927653-26-000045
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