secwatch.observer — SEC 8-K summary
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Issuer:     LABCORP HOLDINGS INC. (LH)
CIK:        0000920148
Form:       8-K
Filed at:   2026-03-20T23:59:59+00:00
Accession:  0001193125-26-117879
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Labcorp enters $750M senior unsecured term loan due 2028
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- $750M term loan fully funded on March 20, 2026; matures March 20, 2028.
- Floating rate: SOFR + 0.70% or base rate + 0.00% per annum.
- Financial covenant: max leverage ratio 4.0:1 (can increase to 4.5:1 for four quarters post-acquisition).
- Covenants restrict subsidiary debt, liens, mergers, and asset sales with standard exceptions.
- Proceeds used for general corporate purposes; lenders include Wells Fargo and PNC.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/920148/000119312526117879/0001193125-26-117879-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/920148/000119312526117879/d38637d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-117879

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer