secwatch / observer
8-K filed July 13, 2023, 7:59 PM ET ticker HSIC CIK 0001000228
debt confidence high sentiment positive materiality 0.60

HENRY SCHEIN INC (HSIC): debt financing — Henry Schein secures new $750M term loan and amends $1B revolver, boosting total liquidity to $1.8B

HENRY SCHEIN INC

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HENRY SCHEIN INC incurred term loan of $750 million with JPMorgan Chase Bank, N.A., as administrative agent maturing July 11, 2026.

Instrument
term loan
Principal
$750 million
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Maturity
July 11, 2026
Event
incurrence
Exact text from the filing
On July 11, 2023, Henry Schein, Inc. (the “ Company ”), the several lenders parties thereto, JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A. and UniCredit Bank, A.G., as co-documentation agents, entered into a new $750 million credit agreement (the “ Term Loan Credit Agreement ”). This new facility, which matures July 11, 2026, is unsecured and is comprised of a $750 million term facility.
View on SEC.gov
Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

HENRY SCHEIN INC amended revolving credit of $1 billion with JPMorgan Chase Bank, N.A., as administrative agent maturing July 11, 2028.

Instrument
revolving credit
Principal
$1 billion
Counterparty
JPMorgan Chase Bank, N.A., as administrative agent
Maturity
July 11, 2028
Event
amendment
Exact text from the filing
On July 11, 2023, the Company amended and restated its existing $1 billion revolving credit agreement, dated as of August 20, 2021, by and among the Company, the several lenders parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A., UniCredit Bank, A.G., the Bank of New York Mellon, ING Bank, N.V. and HSBC Bank USA, N.A., as co-documentation agents (the “ Second Amended and Restated Revolving Credit Agreement ”), to, among other things, (i) extend the termination date to July 11, 2028 and (ii) update the Term Secured Overnight Financing Rate (Term SOFR) provisions to reflect the current market approach for a multicurrency facility.
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HENRY SCHEIN INC amended Second Amended and Restated Revolving Credit Agreement with the several lenders parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A., UniCredit Bank, A.G., the Bank of New York Mellon, ING Bank, N.V. and HSBC Bank USA, N.A., as co-documentation valued at $1 billion (effective 2023-07-11).

Action
amendment
Agreement
credit facility
Counterparty
the several lenders parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A., UniCredit Bank, A.G., the Bank of New York Mellon, ING Bank, N.V. and HSBC Bank USA, N.A., as co-documentation
Value
$1 billion
Effective
2023-07-11
Exact text from the filing
On July 11, 2023, the Company amended and restated its existing $1 billion revolving credit agreement, dated as of August 20, 2021, by and among the Company, the several lenders parties thereto, and JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A., UniCredit Bank, A.G., the Bank of New York Mellon, ING Bank, N.V. and HSBC Bank USA, N.A., as co-documentation agents (the “ Second Amended and Restated Revolving Credit Agreement ”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

HENRY SCHEIN INC entered into Term Loan Credit Agreement with the several lenders parties thereto, JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A. and UniCredit Bank, A.G., as co-documentation agents valued at $750 million (effective 2023-07-11).

Action
entry
Agreement
credit facility
Counterparty
the several lenders parties thereto, JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A. and UniCredit Bank, A.G., as co-documentation agents
Value
$750 million
Effective
2023-07-11
Exact text from the filing
On July 11, 2023, Henry Schein, Inc. (the “ Company ”), the several lenders parties thereto, JPMorgan Chase Bank, N.A., as administrative agent, U.S. Bank National Association, as syndication agent, and TD Bank, N.A., Bank of America, N.A. and UniCredit Bank, A.G., as co-documentation agents, entered into a new $750 million credit agreement (the “ Term Loan Credit Agreement ”).
View on SEC.gov

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Source: SEC EDGAR
accession 0001193125-23-186248
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