NasdaqGS:QDELMedical Equipment
Will QuidelOrtho’s (QDEL) New $3B Credit Deal Reshape Its Long-Term Profitability Narrative?
Earlier this month, QuidelOrtho entered a new credit agreement providing over US$3 billion in senior secured term loans and revolving credit facilities, replacing its prior credit agreement and introducing new financial covenants tied to leverage and interest coverage ratios.
This substantial debt financing comes as the company faces declining constant currency revenue and reduced free cash flow margin, raising ongoing questions about its profitability outlook and capacity for future...