8-KMaterial AgreementsExhibits & Filings

CARDINAL HEALTH INC 8-K Report, Material Agreement (Oct 3, 2005)

Filed October 3, 2005For Securities:CAH

Summary

Cardinal Health, Inc. (CAH) filed an 8-K on October 3, 2005, reporting an amendment to its receivables financing agreement. Specifically, Cardinal Health Funding, LLC, a wholly-owned subsidiary, entered into an amendment extending the term of its Amended and Restated Receivables Purchase Agreement. This extension provides continued access to financing through its receivables facility. The amendment, dated September 29, 2005, pushes the facility's term expiration to September 28, 2006. This secured financing arrangement is crucial for the company's liquidity and operational flexibility. The involved parties include various conduits, financial institutions, and agents, notably The Bank of Nova Scotia and JPMorgan Chase Bank, N.A., which also play significant roles in other of Cardinal Health's credit facilities and commercial paper programs.

Key Highlights

  • 1Amendment to a material definitive agreement concerning receivables financing.
  • 2Extension of the receivables purchase facility's term to September 28, 2006.
  • 3The amendment involves Cardinal Health Funding, LLC, a wholly-owned subsidiary.
  • 4Key financial institutions involved include The Bank of Nova Scotia and JPMorgan Chase Bank, N.A.
  • 5This action aims to ensure continued access to financing through securitized receivables.
  • 6The amendment underscores the company's ongoing reliance on its securitization programs for liquidity.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a material amendment to Cardinal Health's receivables financing agreement. Specifically, the term of the receivables purchase facility has been extended.

This amendment extends the company's access to funding through its securitized receivables by one year, which is important for maintaining liquidity and operational flexibility. It indicates the continued support from its financial partners for this financing arrangement.

The key parties involved are Cardinal Health Funding, LLC (the seller), Griffin Capital, LLC (the servicer), various conduits and financial institutions including The Bank of Nova Scotia and JPMorgan Chase Bank, N.A. (acting as managing agent and agent, respectively).

The amended and restated receivables purchase agreement now extends the term of the facility to September 28, 2006.