← Cencora, Inc.

Credit agreement

When the limit steps, and which way the company's ratio has been moving.

4.67x2.85x1.04x

Signed Jul 31, 2026

Committed
$7bn
Matures
Jul 2031
TrancheSizeMaturesMargin
Tranche One Revolving Commitments$355mJul 203170–110 bps
Tranche Two Revolving Commitments$6.64bnJul 203170–110 bps

Priced over Term SOFR (Revolving credit facility).

LevelConditionMarginUnused fee
Level Category 1A/A2/A or higher70 bps6 bps
Level Category 2A-/A3/A-81 bps7 bps
Level Category 3BBB+/Baa1/BBB+92 bps8 bps
Level Category 4BBB/Baa2/BBB103 bps10 bps
Level Category 5Lower than BBB/Baa2/BBB110 bps15 bps

§1.01

Lenders: JPMorgan Chase Bank, N.A., BOFA Securities, Inc., BNP Paribas Securities Corp., Citibank, N.A., Societe Generale, Wells Fargo Securities, LLC

Tested quarterly46.6%ratio 2.27x, estimated, vs 4.25x limit in force at Jun 30, 20264.25x
The Company will not permit the Leverage Ratio as of the last day of any Test Period to exceed 4.25 to 1.00; provided that upon the consummation of any Material Acquisition that involves payment of cash consideration of at least US$500,000,000 and the written election of the Company to the Administrative Agent (which shall deliver a copy to the Lenders), the maximum permitted Leverage Ratio set forth above shall increase to 4.75 to 1.00, with respect to the last day of the fiscal quarter of the Company during which such Material Acquisition is consummated and the last day of the first, second and third full fiscal quarters of the Company ending after the date of the consummation of such Material Acquisition; provided, however, that the Company shall not be permitted to make such an election if the Company has theretofore made such an election unless the Leverage Ratio as of the last day of at least two consecutive full fiscal quarters of the Company ended since the date of such prior election did not exceed 4.25 to 1.00.
Read the filing on sec.gov ↗

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