MELVILLE (dpa-AFX) - Henry Schein, Inc. (HSIC), a provider of health care products and services to office-based dental, animal health and medical practitioners, announced the extension of several existing credit facilities, totaling $1.775 billion.
The facilities include a committed $500 million revolving credit facility that is extended through September 2019; a committed $300 million facility agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd., that is extended through April 2017 based on the securitization of certain accounts receivable. It also comprises the firm's private placement shelf agreements that are increased by an additional $200 million to $975 million, and extended through September 2017.
These shelf agreements are uncommitted and continue to be maintained with three leading insurance companies.
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