GE HealthCare Secures $750 Million Unsecured Term Loan Led by JPMorgan Chase
Jpmorgan Chase JPM | 0.00 | |
GE Healthcare Technologies Inc. GEHC | 0.00 |
GE HealthCare Technologies Inc. has entered into a three-year senior unsecured term loan credit facility totaling $750 million with JPMorgan Chase Bank, N.A. as administrative agent and a group of lenders. The loan will be available in a single borrowing, subject to customary conditions, and will mature three years from the funding date. The agreement includes typical covenants limiting the company's ability to incur liens, undertake certain transactions, and exceed a specified leverage ratio, as well as restrictions on subsidiary indebtedness. This financing is part of a broader funding strategy, which also includes the recent issuance of $1.25 billion in senior notes, to support the company's acquisition of Intelerad Medical Systems.
