LH · Labcorp Holdings Inc.

Summary

Labcorp Holdings Inc., as parent guarantor, and Laboratory Corporation of America Holdings, as borrower, entered into a $750,000,000 senior unsecured Term Loan Credit Agreement on March 20, 2026, maturing on March 20, 2028. The Term Loan was fully funded on the Closing Date and includes a leverage ratio covenant of not more than 4.0 to 1.0.

Key takeaways

• Entered Term Loan Credit Agreement on 2026-03-20 with Wells Fargo as administrative agent
• $750,000,000 principal fully funded on Closing Date
• Interest at SOFR-based rate plus 0.700% or base rate plus 0%
• Maturity date March 20, 2028
• Leverage ratio covenant max 4.0 to 1.0, increasable to 4.5 to 1.0 during Leverage Holiday
• Customary covenants limiting subsidiary debt, liens, mergers, and asset dispositions