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McKesson (NYSE: MCK) secures $5B credit line maturing in 2031
McKesson Corporation has secured a new $5.0 billion senior unsecured revolving credit facility maturing in April 2031. This new facility replaces two existing credit lines totaling $5.0 billion with earlier maturity dates. The agreement includes a $4.5 billion sublimit for borrowings in Canadian Dollars, British Pound Sterling, and Euros, and features a financial covenant capping total debt to Consolidated EBITDA at 4.25x, with a temporary step-up to 4.75x after certain cash acquisitions.