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Labcorp Secures $750 Million Unsecured Term Loan Maturing 2028 With Wells Fargo
Labcorp has secured a new $750 million senior unsecured term loan credit agreement, fully funded on March 20, 2026, and maturing on March 20, 2028. The loan, which bears interest at a SOFR-based rate plus 0.700% or a base rate plus 0%, is expected to enhance the company’s liquidity and financial flexibility. Wells Fargo Bank is the administrative agent for the facility.