secwatch.observer — SEC 8-K summary
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Issuer:     LABCORP HOLDINGS INC. (LH)
CIK:        0000920148
Form:       8-K
Filed at:   2025-06-27T23:59:59+00:00
Accession:  0001193125-25-151281
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920148/000119312525151281/0001193125-25-151281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920148/000119312525151281/d84939d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-151281

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