01—Abstract
Summary
Summary of the 8-K filed October 3, 2025. Cited figures are marked; the original filing is the authoritative source.
Cardinal Health Inc. (CAH) has filed an 8-K report detailing a significant amendment to its receivables financing agreement.
On September 30, 2025, Cardinal Health Funding, LLC, along with its subsidiaries and various financial institutions including Wells Fargo Bank, N.A., Liberty Street Funding LLC, The Bank of Nova Scotia, PNC Bank, National Association, Bank of America, National Association, Victory Receivables Corporation, and MUFG Bank, LTD, entered into a First Amendment to their Fifth Amended and Restated Receivables Purchase Agreement, originally dated September 1, 2023. The primary objective and impact of this amendment is to extend the maturity date of the existing receivables financing facility. The agreement's term has been successfully extended to September 28, 2028.
This extension provides continued access to a crucial source of funding for the company's operations, offering financial stability and flexibility over the next three years. Investors can view the full details of this amendment as Exhibit 10.1 to the filing.
02—Key points
Key Highlights
- Cardinal Health Inc.'s subsidiary, Cardinal Health Funding, LLC, amended its Fifth Amended and Restated Receivables Purchase Agreement.
- The amendment was entered into with several major financial institutions, including Wells Fargo Bank, N.A., Bank of America, N.A., and MUFG Bank, LTD.
- The key change in the amendment is the extension of the facility's term.
- The receivables financing facility's maturity date has been extended to September 28, 2028.
- This extension provides the company with continued access to financing through its receivables.
- The original agreement was dated September 1, 2023, and this is the first amendment.
- The full amendment is available as an exhibit to the 8-K filing.
03—Questions
Frequently Asked Questions
What is the main purpose of the First Amendment to the Receivables Purchase Agreement?
The primary purpose of the First Amendment is to extend the term of the existing receivables financing facility from its current maturity date to September 28, 2028.
Who are the key parties involved in this amended agreement?
The key parties include Cardinal Health Funding, LLC, Cardinal Health 23 Funding, LLC (as servicers), Griffin Capital, LLC, and financial institutions such as Wells Fargo Bank, N.A., Liberty Street Funding LLC, The Bank of Nova Scotia, PNC Bank, National Association, Bank of America, National Association, Victory Receivables Corporation, and MUFG Bank, LTD.
What is the significance of extending this receivables financing facility for Cardinal Health?
Extending this facility provides Cardinal Health with continued access to a critical source of funding for its operations through its receivables. This offers financial stability and flexibility for the company for the next three years, ensuring it can manage its working capital needs.
Where can I find the full details of this amendment?
The full text of the First Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K.
04—Continue