Henry Schein amends revolving credit agreement to expand capacity to $1.25 billion

Henry Schein, Inc. (HSIC) amended and restated its existing $1 billion revolving credit agreement on September 21, 2026, according to a regulatory filing. The transaction increases aggregate revolving credit commitments from $1 billion to $1.25 billion and extends the termination date to September 19, 2031.

Key takeaways

• Credit facility size increased from $1 billion to $1.25 billion.
• Termination date extended to September 19, 2031.
• JPMorgan Chase Bank, N.A., acts as administrative agent.
• Proceeds target working capital, general corporate purposes, stock repurchases, debt refinancing, and acquisitions.

Credit facility structure and parties

The amended agreement involves several financial institutions. JPMorgan Chase Bank, N.A., serves as administrative agent, while U.S. Bank National Association acts as syndication agent. Co-documentation agents include The Toronto-Dominion Bank, New York Branch, Bank of America, N.A., UniCredit Bank GmbH, New York Branch, The Bank of New York Mellon, ING Bank N.V., Dublin Branch, HSBC Bank USA, N.A., and MUFG Bank, Ltd.

Use of proceeds

The company said it plans to use the amended and restated credit facility for working capital and general corporate purposes. Permitted uses include capital expenditures, repurchasing the company's capital stock, refinancing existing debt, and funding potential acquisitions.

Why it matters

The expanded credit facility provides Henry Schein with additional liquidity and extended runway through 2031. The modifications to financial definitions and covenants adjust the operational parameters governing the company's debt management.

By the numbers

Remaining conditions and terms

The credit agreement contains customary representations, warranties, and affirmative covenants. It also includes negative covenants restricting liens, indebtedness, significant corporate changes such as mergers, and dispositions, along with specified events of default.