Viatris said it entered into the Second Amended and Restated Revolving Credit Agreement on September 27, 2024, under which it may obtain extensions of credit in an aggregate principal amount not to exceed $3,500,000,000.

1. 01

   Viatris said it entered into the Second Amended and Restated Revolving Credit Agreement on September 27, 2024, under which it may obtain extensions of credit in an aggregate principal amount not to exceed $3,500,000,000.

2. 02

   The company said it will use proceeds from the Revolving Credit Facility for general corporate purposes, including repaying outstanding obligations under its existing $4,000,000,000 revolving credit facility as of July 1, 2021.

3. 03

   The company said the Revolving Credit Facility initially bears interest at SOFR or the Eurocurrency Rate or SONIA plus 1.10%, or at the base rate plus 0.10%, and carries a facility fee currently at 0.15%. It said the facility expires 5 years from the Closing Date.

4. 04

   The company said the agreement requires it to maintain a leverage ratio of no greater than 3.75 to 1.00 as of the last day of each fiscal quarter ending after the Closing Date. It also said the facility includes a $300,000,000 subfacility for letters of credit and a $175,000,000 sublimit for swingline borrowings.

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Original filing

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