Teladoc Health enters $300M senior secured revolving credit facility

Teladoc Health, Inc.

Five-year $300M senior secured revolver with JPMorgan Chase as administrative agent; no immediate borrowings planned.
Interest rates: SOFR + 2.75%-3.25% or base rate + 1.75%-2.25%, based on secured net leverage ratio.
Financial covenants: max secured net leverage 3.50:1 (4.00:1 after certain acquisitions) and min interest coverage 3.00:1.
Proceeds to preserve financial flexibility; capital allocation priorities unchanged (balance sheet, organic/inorganic growth, share repurchases).
Obligations secured by substantially all assets of Teladoc and material domestic/foreign subsidiaries.

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