AI English summary of an SEC filing — figures as filed
Cardinal Health CAHCardinal Health entered into a 364-Day Credit Agreement with Bank of America, N.A., as Administrative Agent, and participating lenders on October 7, 2025. The company said it entered into the Credit Agreement following the expiration of the existing 364-Day Credit Agreement it entered into in October 2024.
Key points
AI summaryCardinal Health entered into a 364-Day Credit Agreement with Bank of America, N.A., as Administrative Agent, and participating lenders on October 7, 2025. The company said it entered into the Credit Agreement following the expiration of the existing 364-Day Credit Agreement it entered into in October 2024.
The company said the Credit Agreement provides access to $1.0 billion of revolving credit through October 6, 2026 (the Termination Date). It added that the revolving credit facility may be used for general corporate purposes and backs the company's commercial paper program.
Cardinal Health said it is permitted, subject to certain conditions specified in the Credit Agreement, to elect to have the principal of any loans outstanding on the Termination Date converted into non-revolving term loans, which shall be repaid in full on the date that is 1 year after the Termination Date.
The company said the financial covenant in the Credit Agreement requires it to maintain, as of the last day of any fiscal quarter, a Consolidated Net Leverage Ratio of no greater than 3.75 to 1.00. The Credit Agreement also contains customary events of default, including non-payment of principal or interest and breaches of covenants.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
364-Day Credit Agreement Entered Into
Cardinal Health entered into a 364-Day Credit Agreement with Bank of America, N.A., as Administrative Agent, and participating lenders on October 7, 2025. The company said it entered into the Credit Agreement following the expiration of the existing 364-Day Credit Agreement it entered into in October 2024.
Source · Based on the filing body and exhibits
$1.0 billion Revolving Credit Facility
The company said the Credit Agreement provides access to $1.0 billion of revolving credit through October 6, 2026 (the Termination Date). It added that the revolving credit facility may be used for general corporate purposes and backs the company's commercial paper program.
Source · Based on the filing body and exhibits
Conversion to Term Loans at Maturity
Cardinal Health said it is permitted, subject to certain conditions specified in the Credit Agreement, to elect to have the principal of any loans outstanding on the Termination Date converted into non-revolving term loans, which shall be repaid in full on the date that is 1 year after the Termination Date.
Source · Based on the filing body and exhibits
Financial Covenant: Consolidated Net Leverage Ratio
The company said the financial covenant in the Credit Agreement requires it to maintain, as of the last day of any fiscal quarter, a Consolidated Net Leverage Ratio of no greater than 3.75 to 1.00. The Credit Agreement also contains customary events of default, including non-payment of principal or interest and breaches of covenants.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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