Owens & Minor, Inc., a provider of healthcare logistics services, entered into a Credit Agreement by and among Owens & Minor Distribution, Inc., Owens & Minor Medical, Inc., Barista Acquisition I, LLC and Barista Acquisition II, LLC, and Wells Fargo Bank, N.A. as Administrative Agent, the other agents party thereto and a syndicate of financial institutions specified in the Credit Agreement. The new Credit Agreement replaces the Company’s existing $450 million credit agreement set to expire on September 17, 2019.

The Credit Agreement includes lender commitments for a $250 million term loan with a five-year maturity and revolving credit of $600 million.
   
Revolving commitments have a five-year term with ability to request two one-year extensions. Under the agreement the company has the ability to request an increase in revolving commitments or term loans by an aggregate amount up to $200 million, subject to lender approval.
   
Owens & Minor expects to use a portion of the borrowings to close its previously announced acquisition of Byram Healthcare, which is expected to be finalized in the third quarter of 2017.