NYSE:LHHealthcare
Labcorp Extends Receivables Facility As Shares Trade Below Estimated Value
Labcorp Holdings (NYSE:LH) has amended its receivables purchase agreement, extending the facility’s termination date.
The amendment adds an accordion feature that can increase borrowing capacity under certain conditions.
The revised structure is intended to provide greater liquidity flexibility for the company’s operations and planning.
Labcorp is a large diagnostics and laboratory services provider, so reliable access to funding is important for supporting day to day testing volumes and...