trending Market Intelligence /marketintelligence/en/news-insights/trending/u8zfzouvv6pvxayufpqctg2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Cantel Medical refinances loan agreement

Blog

COVID-19 Impact & Recovery: Healthcare Outlook for H2 2021

Video

Climate Credit Analytics: Linking climate scenarios to financial impacts

Blog

Global M&A Infographic Q1 2021

Blog

Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


Cantel Medical refinances loan agreement

Cantel Medical Corp. refinanced its borrowings by amending the existing loan agreement to include a $400 million revolving credit facility and a $200 million tranche A term loan.

A portion of the term loan was used to repay $164 million in loans under the existing facility.

The healthcare equipment company said the credit facility and term loan mature June 28, 2023.

Additionally, the credit agreement includes a $300 million accordion feature to increase Cantel's borrowing capacity.

Future borrowings will go toward Cantel's growth initiatives, CapEx and general corporate purposes.

Little Falls, N.J.-based Cantel provides infection prevention products and services.