secwatch.observer — SEC 8-K summary
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Issuer:     Viatris Inc (VTRS)
CIK:        0001792044
Form:       8-K
Filed at:   2024-09-27T23:59:59+00:00
Accession:  0000950157-24-001314
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Viatris enters $3.5B revolving credit facility, replacing $4B revolver
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- New $3.5B facility includes $300M LC subfacility and $175M swingline sublimit.
- Facility matures in five years; leverage covenant max 3.75:1 as of each fiscal quarter end.
- Initial interest rate SOFR + 1.10% or base rate + 0.10%; facility fee 0.15%.
- Proceeds used for general corporate purposes and to repay existing $4B facility.
- Viatris can seek added commitments if pro forma leverage compliance is maintained.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1792044/000095015724001314/0000950157-24-001314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1792044/000095015724001314/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0000950157-24-001314

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