IQVIA Holdings Amends Credit Agreement to Refinance Loans and Lower Interest Rates
IQVIA Holdings Inc IQV | 173.26 | +0.50% |
IQVIA Holdings Inc. has amended its existing Fifth Amended and Restated Credit Agreement to refinance certain term and revolving loan facilities. The amendment consolidates its Term A-1 Dollar Loans and Term A-2 Dollar Loans into a new class of term A dollar loans, and its Term A Euro Loans into a new class of term A euro loans. Additionally, all current U.S., Japanese, and Swiss/Multicurrency Revolving Credit Commitments have been refinanced into a new class of revolving credit commitments. The amendment also reduces the interest rate on U.S. dollar term A loans and revolving credit loans by eliminating the term SOFR credit spread adjustment. Furthermore, the Swiss and Japanese subsidiary borrowers have been released from all obligations under the agreement.
