This is a routine credit facility refinancing with no material change to Cardinal Health's financial position or outlook. Monitor the next quarterly filing for any update on leverage or use of the facility, but no immediate trading action is warranted.
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Executive Summary
Cardinal Health entered into a new $4.0 billion unsecured revolving credit facility, replacing its existing $2.0 billion five-year facility, $1.0 billion 364-day facility, and $1.0 billion receivables sale program. The new facility matures on August 7, 2031, with an option to extend by up to two years, and carries a maximum consolidated net leverage ratio of 4.00x. This is a routine refinancing that consolidates and extends the company's credit lines at a larger total capacity, with no financial data indicating distress or material change in operations.
Key Financial Metrics
Key Facts
- Cardinal Health entered into a new $4.0 billion unsecured revolving credit facility on August 7, 2026.
- The facility matures on August 7, 2031, with an option to extend by up to two years.
- The new facility replaces the existing $2.0 billion five-year facility, $1.0 billion 364-day facility, and $1.0 billion receivables sale program.
- The financial covenant requires a Consolidated Net Leverage Ratio of no greater than 4.00 to 1.00.
- No penalties were incurred from the termination of the prior facilities.
Financial Impact
Routine refinancing of $4.0 billion in aggregate credit facilities; no new debt drawn or financial impact disclosed.
Risk Factors
- No material risks identified from this routine refinancing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000721371-26-000036 |
| Document: cah-20260807.htm | 0000721371-26-000036 |
| Document: 0000721371-26-000036-index-headers.html | 0000721371-26-000036 |
| Document: 0000721371-26-000036-index.html | 0000721371-26-000036 |
| Document: 0000721371-26-000036.txt | 0000721371-26-000036 |
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| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $228.46 $225.38 | ▼ −1.35% | ▼ −1.35% | $227.72 (−0.32%) |
Aug 20, 2026 6w ago | Insider Cluster | $228.46 $225.38 | ▼ −1.35% | ▼ −1.35% | $227.72 (−0.32%) |
Aug 20, 2026 6w ago | Insider Cluster | $228.46 $225.38 | ▼ −1.35% | ▼ −1.35% | $227.72 (−0.32%) |
Aug 11, 2026 7w ago | 8-K | $240.26 $239.92 | ▼ −0.14% | ▲ +0.92% | $227.72 (−5.22%) |
Aug 11, 2026 7w ago | 8-K | $240.26 $239.92 | ▼ −0.14% | ▲ +0.92% | $227.72 (−5.22%) |
Aug 5, 2026 8w ago | 8-K | $239.23 $245.49 | ▲ +2.62% | ▲ +3.22% | $227.72 (−4.81%) |
Jul 20, 2026 10w ago | Press Release | $227.09 $234.98 | ▲ +3.47% | ▲ +0.91% | $227.72 (+0.28%) |
Mar 5, 2026 30w ago | 8-K | $215.96 $214.02 | ▼ −0.90% | ▲ +2.89% | $227.72 (+5.45%) |
US Market Status
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