NasdaqGS:COOMedical Equipment
Is Cooper’s Debt Extension And Fresh Institutional Interest Reframing The Investment Case For COO?
In the past few days, The Cooper Companies amended its 2021 term loan agreement, extending US$950 million of term loans to February 3, 2031, while lifting the cap on incremental borrowing and adding optional rating-based pricing.
At the same time, Diamond Hill Capital’s Large Cap Fund disclosed a new position in the company, underscoring institutional interest in its contact lens and women’s health and fertility businesses despite current headwinds.
Next, we’ll examine how the extended debt...