debt
confidence high
sentiment neutral
materiality 0.50
Edwards Lifesciences enters new $750M five-year revolving credit facility, replaces 2018 agreement
Edwards Lifesciences Corp
- New $750M unsecured multi-currency revolving credit facility matures July 15, 2027.
- Pricing improved vs. 2018 facility; margin tied to leverage ratio or debt ratings.
- Facility includes options for increase up to $250M additional and multicurrency sub-limits.
- No amounts drawn as of July 15, 2022; proceeds for general corporate purposes and refinancing.
- Terminated the existing 2018 credit agreement on same date.