Henry Schein's new credit facility totals $700M

Melville, N.Y.- based Henry Schein closed on a new credit facility totaling $700 million, with JP Morgan Securities and U.S. Bank NA serving as lead arrangers.

Henry Schein's liquidity position now totals $1.7 billion.

"The new financing, along with our amended existing facility, increases our financial flexibility at a critical moment in the global economy," said Steven Paladino, CFO and executive vice president at Henry Schein. "These facilities support our effort to navigate the emerging challenges related to the COVID-19 outbreak while also helping to position Henry Schein for future growth and success."

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