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JP Morgan, U.S. Bank Arrange New $1B Credit Facility for Henry Schein

August 23, 2021, 08:00 AM
Filed Under: Medical

Henry Schein, the world's largest provider of health care products and services to office-based dental and medical practitioners, amended its revolving credit facility, including an increase in the maximum borrowing amount from $750 million to $1 billion, and an extension of the facility through August 2026. JP Morgan Securities and U.S. Bank served as Joint Lead Arrangers for the new facility.

"We are pleased to announce the increase of our credit facility, which provides us with greater flexibility to allocate capital in support of our strategic plan,” said Steven Paladino, Executive Vice President and Chief Financial Officer of Henry Schein. "The facility also supports our long-term internal and acquisition growth strategies."

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