Labcorp enters $1B revolving credit facility maturing 2030, extending prior facility

LABCORP HOLDINGS INC.

New $1B senior unsecured revolver replaces prior facility maturing April 2026; now matures June 27, 2030.
No borrowings outstanding at closing; option to increase facility by up to $500M subject to lender commitments.
Interest rate: SOFR-based plus 0.805%-1.300% or base rate plus 0%-0.300% depending on debt ratings.
Financial covenant: leverage ratio ≤ 4.0:1 (can increase to 4.5:1 for 4 quarters after material acquisition).
Facility fee ranges from 0.070% to 0.200% based on debt ratings, payable quarterly regardless of usage.

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