Cencora entered into a Term Credit Agreement with Bank of America, N.A. as administrative agent on November 26, 2024. The company said the agreement provides a $1.5 billion senior unsecured term loan to fund its proposed acquisition of Retina Consultants of America, with a maturity of 3 years from the drawdown date.

1. 01

   Cencora entered into a Term Credit Agreement with Bank of America, N.A. as administrative agent on November 26, 2024. The company said the agreement provides a $1.5 billion senior unsecured term loan to fund its proposed acquisition of Retina Consultants of America, with a maturity of 3 years from the drawdown date.

2. 02

   Cencora said it plans to use the Term Loan proceeds to pay part of the cash consideration for the acquisition and to pay related fees and expenses. Funding under the Term Loan is subject to closing conditions, including completion of the acquisition.

3. 03

   Cencora said its bridge financing commitments of $3.3 billion, obtained earlier for the cash purchase price of the acquisition, were automatically reduced by $1.5 billion upon entry into the Term Credit Agreement, leaving $1.8 billion.

4. 04

   Cencora secured a $1.0 billion senior unsecured revolving credit facility on November 26, 2024. Borrowings are available from the closing date and mature 364 days after the closing date, and the funds may be used for general corporate purposes.

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