Cooper enters $840M 364-day unsecured term loan to replace maturing facility

COOPER COMPANIES, INC.

Term loan of $840M matures Nov 1, 2022; replaces prior 364-day facility that matured Oct 15, 2021.
Interest at LIBOR plus 60 bps (or alternate base rate); no amortization or mandatory prepayments.
Proceeds used to repay revolving borrowings and for general corporate purposes.
Loan unsecured; guaranteed by existing and future domestic material subsidiaries.
Covenants include total leverage and interest coverage ratios; customary events of default.

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