---
schema_version: "secwatch.filing_event.v1"
accession: "0001906324-26-000036"
form_type: "8-K"
ticker: "QDEL"
cik: "0001906324"
company_name: "QuidelOrtho Corp"
filed_at: "2026-09-23T20:41:04+00:00"
generated_at: "2026-09-23T20:42:42.166457+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# QuidelOrtho secures covenant relief on $3.4B credit facilities through 2029

## Summary
- Amended Aug-2025 credit agreement on Sep-23-2026, covering $1.15B Term Loan A, $100M DDTL, $1.45B Term Loan B, $700M revolver.
- Covenant Relief Period runs to Sep-2029; max leverage eased to 5.50x (through Jul-2028) stepping to 4.25x; min interest coverage 2.25x to 3.00x by Sep-2029.
- Initial SOFR margin on Term A/Revolver rises to 2.50% (1.50% base rate); grid up to 3.00% thereafter. Term Loan B rate unchanged.
- New limits during relief: $200M cap on acquisitions of non-Loan parties, $10M/yr and $100M total for restricted payments, Pro Forma Cash capped at $250M for revolver draws.

## SEC filing metadata
- accession: 0001906324-26-000036
- form_type: 8-K
- ticker: QDEL
- cik: 0001906324
- company_name: QuidelOrtho Corp
- filed_at: 2026-09-23T20:41:04+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1906324/000190632426000036/0001906324-26-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1906324/000190632426000036/qdel-20260923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001906324-26-000036
- JSON: https://secwatch.observer/filing/0001906324-26-000036.json
- Plain text: https://secwatch.observer/filing/0001906324-26-000036.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.