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.