Summary
Cardinal Health Inc. (CAH) filed an 8-K on June 4, 2013, to report an amendment to its Five-Year Credit Agreement. This amendment, entered into on June 3, 2013, is significant for investors as it extends the maturity date of the company's $1.5 billion revolving credit facility to June 4, 2018. This extension provides continued financial flexibility and reinforces the company's access to liquidity, which is crucial for supporting its operations and its $1.5 billion commercial paper program.
Key Highlights
- 1Amendment No. 1 to the Five-Year Credit Agreement has been executed.
- 2The amendment extends the term of the Credit Agreement to June 4, 2018.
- 3The unsecured revolving credit facility has a maximum amount of $1.5 billion.
- 4This credit facility supports Cardinal Health's existing $1.5 billion commercial paper program.
- 5The credit facility can be used for general corporate purposes.
- 6The amendment was entered into on June 3, 2013, and filed on June 4, 2013.
Frequently Asked Questions
The main purpose of this filing is to announce an amendment to Cardinal Health's Five-Year Credit Agreement, specifically extending the maturity date of its $1.5 billion revolving credit facility.
By extending the maturity date of the $1.5 billion revolving credit facility to 2018, the amendment enhances Cardinal Health's financial flexibility and assures continued access to significant liquidity for its operational needs and commercial paper program.
The unsecured revolving credit facility has a maximum amount of $1.5 billion.
The revolving credit facility is primarily in place to back the company's $1.5 billion commercial paper program and can also be used for general corporate purposes.