debt
confidence high
sentiment neutral
materiality 0.65
IQVIA borrows $1.25B in incremental Term A Loans; repays $950M of revolver
IQVIA HOLDINGS INC.
- Borrowed $1.25B in incremental Term A-2 Dollar Loans on June 16, 2022.
- Proceeds used to repay ~$950M of outstanding revolving credit loans and for general corporate purposes.
- Upfront fee of 0.25% paid to JPMorgan for ratable account of new lenders.
- Amendment involves 16 lenders including JPMorgan, Bank of America, PNC, HSBC, Wells Fargo, TD.