GE HealthCare enters $1 billion 364-day revolving credit facility

By Wendy Van Sickle

Columbus, Ohio, Dec. 15 – GE HealthCare Technologies Inc. entered into a $1 billion 364-day revolving credit agreement on Dec. 13 with Citibank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Borrowings are available in U.S. dollars and euros and will bear interest at adjusted term SOFR or Euribor plus a margin that will be based on ratings and was not specified in the filing.

Citibank, BofA Securities, Inc., BNP Paribas Securities Corp., Goldman Sachs Bank USA and Morgan Stanley Senior Funding, Inc. are the bookrunners and lead arrangers.

BofA is the syndication agent.

BNP Paribas, Goldman Sachs and Morgan Stanley are the documentation agents.

The maturity date is Dec. 11, 2024.

Covenants include a maximum permitted leverage ratio as well as certain other limitations, which are consistent with those of the company’s five-year revolver and term loan.

Proceeds may be used for general corporate purposes.

The multinational medical technology company is based in Chicago.

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