Owens & Minor Enters Material Definitive Agreement
Ticker: ACH · Form: 8-K · Filed: Oct 22, 2024 · CIK: 75252
Sentiment: neutral
Topics: material-agreement, financial-obligation
Related Tickers: OMI
TL;DR
O&M signed a big deal, could be debt or something else. Watch this.
AI Summary
On October 18, 2024, Owens & Minor, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Virginia, filed an 8-K report detailing this event. Specific details regarding the nature of the agreement and the financial obligation are not fully disclosed in the provided text.
Why It Matters
This filing indicates a significant new financial commitment or agreement for Owens & Minor, which could impact its financial health and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements and financial obligations can introduce new risks or alter existing ones for a company.
Key Players & Entities
- Owens & Minor, Inc. (company) — Registrant
- Virginia (jurisdiction) — State of incorporation
- October 18, 2024 (date) — Date of earliest event reported
FAQ
What is the nature of the material definitive agreement entered into by Owens & Minor, Inc. on October 18, 2024?
The provided text states that Owens & Minor, Inc. entered into a material definitive agreement, but does not specify its nature.
What type of financial obligation is Owens & Minor, Inc. undertaking?
The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details are not provided in the text.
When was the earliest event reported in this 8-K filing?
The earliest event reported was on October 18, 2024.
In which state is Owens & Minor, Inc. incorporated?
Owens & Minor, Inc. is incorporated in Virginia.
What is the SIC code for Owens & Minor, Inc.?
The Standard Industrial Classification (SIC) code for Owens & Minor, Inc. is 5047, which corresponds to Wholesale - Medical, Dental & Hospital Equipment & Supplies.
Filing Stats: 1,041 words · 4 min read · ~3 pages · Grade level 12.9 · Accepted 2024-10-22 16:16:03
Key Financial Figures
- $2 — nge on which registered Common Stock, $2 par value per share OMI New York St
- $450 million — regate outstanding amount not to exceed $450 million are sold, on a limited-recourse basis,
Filing Documents
- d859215d8k.htm (8-K) — 32KB
- d859215dex101.htm (EX-10.1) — 713KB
- d859215dex102.htm (EX-10.2) — 278KB
- d859215dex103.htm (EX-10.3) — 67KB
- 0001193125-24-241069.txt ( ) — 1451KB
- omi-20241018.xsd (EX-101.SCH) — 3KB
- omi-20241018_lab.xml (EX-101.LAB) — 17KB
- omi-20241018_pre.xml (EX-101.PRE) — 11KB
- d859215d8k_htm.xml (XML) — 3KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d) Exhibits. 10.1 Receivables Purchase Agreement, dated as of October 18, 2024, by and among O&M Funding LLC, as Seller, the persons from time to time party hereto, as Purchasers, PNC Bank, National Association, as Administrative Agent, an PNC Capital Markets LLC, as Structuring Agent.* 10.2 Amended and Restated Purchase and Sale Agreement, dated as of October 18, 2024, by and among various entities, as Originators, Owens & Minor Medical, LLC., as Servicer, and O&M Funding LLC, as Buyer.* 10.3 Performance Guaranty of Owens & Minor, Inc., dated as of October 18, 2024 in favor of PNC Bank, National Association. 104 Cover Page Interactive Data File (the Cover Page Interactive Data File is embedded within the Inline XBRL document) * Certain exhibits and schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company hereby undertakes to furnish copies of such omitted materials supplementally upon request by the SEC. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. OWENS & MINOR, INC. Date: October 22, 2024 By: /s/ Heath H. Galloway Name: Heath H. Galloway Title: Executive Vice President, General Counsel & Corporate Secretary