Loan & DebtAug 5, 2026, 06:51 AM
Cencora Increases Revolving Credit Facility to $7.0B
AI Summary
Cencora, Inc. and its subsidiary Innomar Strategies Inc. entered into an Amended and Restated Credit Agreement on July 31, 2026, significantly increasing their multi-currency revolving credit facility from $5.5 billion to $7.0 billion and extending its maturity to July 2031. Concurrently, the company amended its receivables securitization facility, decreasing its size from $1.5 billion to $1.0 billion but enhancing its accordion feature from $500 million to $1.0 billion, allowing for potential future increases. These actions aim to provide additional liquidity and funding for ongoing business needs.
Key Highlights
- Increased multi-currency revolving credit facility from $5.5 billion to $7.0 billion.
- Extended the revolving credit facility's maturity date to July 2031.
- Adjusted interest rates for the revolving credit facility based on public debt ratings.
- Amended receivables securitization facility, adding a new uncommitted purchaser.
- Decreased receivables securitization facility from $1.5 billion to $1.0 billion.
- Increased receivables securitization facility's accordion feature from $500 million to $1.0 billion.
- Aligned financial covenants in the performance undertaking with the credit agreement.
Price Impact
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