QuidelOrtho amends Bank of America-led credit agreement, resets covenants through September 2029

By Public Technologies
  • QuidelOrtho entered Amendment No. 1 to its August 21, 2025 credit agreement with Bank of America as administrative agent.
  • Covenants reset through the fiscal quarter ending Sept. 30, 2029, easing leverage and interest-coverage requirements during a relief period.
  • Maximum consolidated leverage set at 5.5x through July 2, 2028, stepping down to 4.25x on or after Sept. 30, 2029.
  • Minimum consolidated interest coverage set at 2.25x through July 2, 2028, rising to 3x on or after Sept. 30, 2029.
  • Pricing revised for Term Loan A facilities, revolving loans, commitment fees; Term Loan B interest terms unchanged.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Quidelortho Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001906324-26-000036), on September 23, 2026, and is solely responsible for the information contained therein.

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