Cencora, Inc. Enters Material Definitive Agreement

TL;DR

Cencora (ABC) signed a big deal on Oct 9th, expect financial updates.

AI Summary

On October 9, 2024, Cencora, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, formerly known as AmerisourceBergen Corp, is incorporated in Delaware and headquartered in Conshohocken, PA.

Why It Matters

This filing indicates a significant financial commitment or obligation for Cencora, Inc., which could impact its financial standing and future operations.

Risk Assessment

Risk Level: medium — Material definitive agreements can introduce new financial obligations or risks that may not be immediately apparent.

Key Players & Entities

• Cencora, Inc. (company) — Registrant
• October 9, 2024 (date) — Date of Earliest Event Reported
• AmerisourceBergen Corp (company) — Former Company Name
• Delaware (jurisdiction) — State of Incorporation
• Conshohocken, PA (location) — Business Address

FAQ

Key Financial Figures

• $100 million — t Facility up to a maximum amount of US $100 million. The amount of the Company's outstandin
• $1,450 m — ization facility has a base limit of US $1,450 million, with an option to increase the c
• $250 million — to their approval, by an additional US $250 million for seasonal needs during the first and

Filing Documents

• tm2426039d1_8k.htm (8-K) — 34KB
• tm2426039d1_ex10-1.htm (EX-10.1) — 877KB
• tm2426039d1_ex10-2.htm (EX-10.2) — 1203KB
• tm2426039d1_ex10-2sp02img008.jpg (GRAPHIC) — 2KB
• 0001104659-24-108579.txt ( ) — 2677KB
• cor-20241009.xsd (EX-101.SCH) — 3KB
• cor-20241009_lab.xml (EX-101.LAB) — 33KB
• cor-20241009_pre.xml (EX-101.PRE) — 22KB
• tm2426039d1_8k_htm.xml (XML) — 3KB

01. Entry into

Item 1.01. Entry into a Material Definitive Agreement. Amendment and Restatement of Revolving Credit Facility On October 9, 2024, Cencora, Inc. (the "Company") and its subsidiaries BP Pharmaceuticals Laboratories Unlimited Company, Centaur Services Limited and Innomar Strategies Inc. entered into an Amended and Restated Credit Agreement (the "Amended and Restated Credit Agreement") to amend and restate the Amended and Restated Credit Agreement, dated as of October 6, 2023, among the Company, the borrowing subsidiaries party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, pursuant to which the Company and such subsidiaries obtained a senior unsecured multi-currency revolving credit facility (the "Revolving Credit Facility"). The Revolving Credit Facility was amended and restated to, among other things, (i) extend the maturity date of the facility to October 9, 2029, (ii) reduce the applicable rate for the facility fees owed to each Lender, and (iii) replace the Canadian Dealer Offered Rate as the applicable reference rate with respect to loans denominated in Canadian Dollars with the Canadian Overnight Repo Rate Average ("CORRA"), and otherwise conform the facility to accommodate CORRA as the reference rate for loans denominated in Canadian Dollars. Interest on borrowings under the Revolving Credit Facility accrue at specified rates based on the Company's public debt ratings by Standard & Poor's Ratings Services, Moody's Investors Service, Inc. and Fitch, Inc., and pursuant to the Amended and Restated Credit Agreement, ranges from 80.5 basis points to 122.5 basis points over Term SOFR, Term CORRA, EURIBO Rate, and the RFR, as applicable, and 0 basis points to 22.5 basis points over the alternate base rate and Canadian prime rate, as applicable, in each case, as determined in accordance with the provisions of the Revolving Credit Facility. The Company has agreed to pay facility fees to maintain the availability under th

03. Creation of Direct Financial

Item 2.03. Creation of Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 above is hereby incorporated by reference into this Item 2.03.

01. Financial

Item 9.01. Financial (d) Exhibits. Exhibit No. Description 10.1 Amended and Restated Credit Agreement, dated as of October 9, 2024, among Cencora, Inc., the borrowing subsidiaries party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent. 10.2 Twenty-First Amendment to Amended and Restated Receivables Purchase Agreement, dated as of October 9, 2024, among Amerisource Receivables Financial Corporation, as seller, AmerisourceBergen Drug Corporation, as servicer, the Purchaser Agents and Purchasers party thereto, and MUFG Bank, Ltd., as administrator 104 Cover Page Interactive Data File (formatted as inline XBRL)

SIGNATURES

SIGNATURES 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 hereunto duly authorized. CENCORA, INC. October 15, 2024 By: /s/ James F. Cleary Name: James F. Cleary Title: Executive Vice President & Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR