Summary
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.
Key Highlights
- 1Cardinal Health Inc.'s subsidiary, Cardinal Health Funding, LLC, amended its Fifth Amended and Restated Receivables Purchase Agreement.
- 2The amendment was entered into with several major financial institutions, including Wells Fargo Bank, N.A., Bank of America, N.A., and MUFG Bank, LTD.
- 3The key change in the amendment is the extension of the facility's term.
- 4The receivables financing facility's maturity date has been extended to September 28, 2028.
- 5This extension provides the company with continued access to financing through its receivables.
- 6The original agreement was dated September 1, 2023, and this is the first amendment.
- 7The full amendment is available as an exhibit to the 8-K filing.