Perrigo amends credit agreement, $1.0 billion revolver extended to March 2031
Perrigo entered into an Amended and Restated Credit Agreement on March 20, 2026, which extends the maturity of its $1.0 billion revolving credit facility to March 20, 2031 and removes the credit spread adjustment on revolver loans. The company drew on the revolver to prepay its Term A Loans in full, and the $972.4 million Term Loan B facility is unchanged. For shareholders, the filing shows a refinancing of existing debt with a later maturity, with the facilities secured by Loan Party assets and subject to financial covenants.
Key points
- Revolving Facility of $1.0 billion matures March 20, 2031, replacing the prior maturity
- Term Loan B Facility of $972.4 million, maturing April 20, 2029, is unchanged
- Proceeds from a revolver drawdown were used to prepay Term A Loans in their entirety
- Facilities are secured by Loan Party assets and subject to secured net leverage and cash interest coverage covenants
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.