HENRY SCHEIN, INC. (NASDAQ:HSIC) Files An 8-K Entry into a Material Definitive Agreement
Item1.01
| Entry into a Material Definitive Agreement. |
On April18, 2017, Henry Schein, Inc. (the Company) entered into a
new $750 million revolving credit agreement (the Credit
Agreement). This new facility, which matures in April 2022,
replaces the Companys current $500 million revolving credit
facility, which was scheduled to mature in September 2019. The
facilitys joint lead arrangers and joint bookrunners were
JPMorgan Chase Bank, N.A. and U.S. Bank National Association. The
Company plans to use its credit facility for working capital and
general corporate purposes, including, but not limited to,
capital expenditures, the repurchase of the Companys capital
stock and permitted refinancing of existing debt, as well as for
funding potential acquisitions.
The Credit Agreement contains customary representations,
warranties and affirmative covenants. The Credit Agreement also
contains customary negative covenants, subject to negotiated
exceptions on (i)liens, (ii)indebtedness, (iii)significant
corporate changes, including mergers, (iv)dispositions and
(v)certain restrictive agreements. The Credit Agreement also
contains customary events of default, such as payment defaults,
cross-defaults to other material indebtedness, bankruptcy and
insolvency, the occurrence of a defined change in control, or the
failure to observe the negative covenants and other covenants
related to the operation of the Companys business.
The above description of the Credit Agreement is not complete and
is qualified in its entirety by the actual terms of the Credit
Agreement, a copy of which is attached hereto as Exhibit 10.1 and
is incorporated herein by reference.
| Item7.01 | Regulation FD Disclosure. |
On April19, 2017, the Company issued a press release announcing
the new $750 million revolving credit facility.
A copy of the press release is attached as Exhibit99.1 to this
Current Report on Form8-K. Such press release shall not be deemed
filed for any purpose, including for the purposes of Section18 of
the Securities Exchange Act of 1934, as amended (the Exchange
Act), or otherwise subject to the liabilities of that Section.
The information in Item7.01, including Exhibit99.1, shall not be
deemed incorporated by reference into any filing under the
Exchange Act or the Securities Act of 1933, as amended,
regardless of any general incorporation language in such filing.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | Exhibit 10.1 Credit Agreement dated April18, 2017 |
| Exhibit 99.1 Press Release dated April19, 2017 |
About HENRY SCHEIN, INC. (NASDAQ:HSIC)
Henry Schein, Inc. is a provider of health care products and services to office-based dental, animal health and medical practitioners. The Company’s segments include healthcare distribution, and technology and value-added services. The healthcare distribution segment aggregates its global dental, animal health and medical operating segments. This segment distributes consumable products, equipment, pharmaceuticals, infection-control products and vitamins. Its global dental group serves office-based dental practitioners, schools and other institutions. The technology and value-added services segment group provides software, technology and other value-added services to health care practitioners. Its technology group offerings include practice management software systems for dental and medical practitioners and animal health clinics. Its value-added practice solutions include financial services on a non-recourse basis, e-services, as well as education services for practitioners. HENRY SCHEIN, INC. (NASDAQ:HSIC) Recent Trading Information
HENRY SCHEIN, INC. (NASDAQ:HSIC) closed its last trading session 00.00 at 167.70 with 311,628 shares trading hands.
