Dental supply company Henry Schein has increased its financial flexibility by closing on a $750 million credit facility with a maturity date of July 2026.
The credit facility will enhance the company's liquid position and borrowing capacity to pursue mergers and acquisitions opportunities, according to a July 13 news release.
The company also extended its current $1 billion revolving credit facility by extending the maturity date to July 2028, bringing Henry Schein's total borrowing capacity to $1.8 billion.
The joint lead arrangers for the new credit facility were JP Morgan Securities and U.S. Bank NA, the release said.