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Cooper Co (COO) just unveiled an update.
The Cooper Companies, Inc. has entered into a significant multicurrency credit agreement on May 1, 2024, featuring a $2.3 billion revolving credit facility with options for currency diversity and additional term loans. This flexible financial tool, maturing in 2029, carries an interest rate based on various benchmarks plus a margin, and includes features such as the ability to reborrow and an annual commitment fee influenced by the company’s financial ratios. The agreement, which is supported by guarantees from the company’s material subsidiaries but is not asset-secured, also stipulates financial ratios that the company must maintain. Concurrently, the company has settled all obligations under its previous 2020 credit agreement.
See more data about COO stock on TipRanks’ Stock Analysis page.
