QuidelOrtho amends Bank of America-led credit agreement, resets covenants through September 2029
Bitget2026/09/23 20:42- QuidelOrtho entered Amendment No. 1 to its August 21, 2025 credit agreement with Bank of America as administrative agent.
- Covenants reset through the fiscal quarter ending Sept. 30, 2029, easing leverage and interest-coverage requirements during a relief period.
- Maximum consolidated leverage set at 5.5x through July 2, 2028, stepping down to 4.25x on or after Sept. 30, 2029.
- Minimum consolidated interest coverage set at 2.25x through July 2, 2028, rising to 3x on or after Sept. 30, 2029.
- Pricing revised for Term Loan A facilities, revolving loans, commitment fees; Term Loan B interest terms unchanged.
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