{"schema_version":"secwatch.filing_event.v1","accession":"0001906324-24-000021","form_type":"8-K","ticker":"QDEL","cik":"0001906324","company_name":"QuidelOrtho Corp","filed_at":"2024-04-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.173853+00:00","generated_at":"2026-06-03T05:47:09.472366+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.4,"calibrated_materiality_score":0.4,"confidence":"high","headline":"QuidelOrtho amends credit agreement; leverage ratio covenant adjusted through 2025","bullets":["Amendment temporarily raises max leverage to 4.25x for Q3/Q4 2024, then to 4.00x, stepping to 3.75x after June 2025.","Includes clarifying amendments to negative covenants on guarantees, investments, and subsidiary restrictions.","Borrower paid consent fee of 0.075% on aggregate revolving credit and term loan commitments to participating lenders.","Amendment effective April 25, 2024; no events of default exist after giving effect."],"urls":{"canonical":"https://secwatch.observer/filing/0001906324-24-000021","json":"https://secwatch.observer/filing/0001906324-24-000021.json","markdown":"https://secwatch.observer/filing/0001906324-24-000021.md","text":"https://secwatch.observer/filing/0001906324-24-000021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1906324/000190632424000021/0001906324-24-000021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1906324/000190632424000021/qdel-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:47:09.472366+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"39be9230435d296872a5aa8d59c989024ad32959","claim":"QuidelOrtho Corp amended Amendment No. 2 with Bank of America, N.A., as administrative agent (effective 2024-04-25).","evidence_excerpt":"On April 25, 2024, QuidelOrtho Corporation (the “Company”) entered into Amendment No. 2 (the “Amendment”), by and among the Company, the lenders party thereto, and Bank of America, N.A., as administrative agent, which amends that certain Credit Agreement, dated as of May 27, 2022, as amended by Increase Joinder No. 1, dated as of August 4, 2022, and as further amended by Amendment No. 1, dated as of September 8, 2023","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1906324/000190632424000021/0001906324-24-000021-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Effective","value":"2024-04-25"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}