Teleflex Secures New $2.2B Credit Agreement

Teleflex Incorporated and its subsidiaries entered into a new Credit Agreement on May 26, 2026, refinancing its existing credit facilities. The new agreement provides for a total of $2.2 billion in financing, comprising a $1.0 billion five-year revolving credit facility, a $500 million Term A-1 loan, and a $700 million Term A-2 loan. The obligations are guaranteed by material domestic subsidiaries and secured by substantially all company assets. The agreement includes customary covenants, such as maintaining a maximum total net leverage ratio of 4.50 to 1.00 and a minimum interest coverage ratio of 3.00 to 1.00.