On March 20, 2026, Labcorp Holdings Inc. (the "Company") entered into a significant financial agreement by securing a $750 million senior unsecured term loan through a Term Loan Credit Agreement with Wells Fargo Bank, National Association, acting as the administrative agent. This agreement is set to mature on March 20, 2028, and was fully funded on the closing date. The loan is expected to bear interest at a floating rate, either based on a SOFR-based rate plus a margin of 0.700% or a base rate plus a margin of 0%. The Credit Agreement includes customary representations and warranties, along with affirmative and negative covenants that restrict the ability of subsidiaries to incur additional debt and impose limitations on mergers, consolidations, and asset disposals. A financial covenant requires the Company to maintain a leverage ratio of no more than 4.0 to 1.0, which can be temporarily increased to 4.5 to 1.0 during a material acquisition period. This strategic move is anticipated to enhance Labcorp's liquidity position and operational flexibility, allowing the Company to pursue growth opportunities while maintaining financial stability. The terms of the agreement reflect a proactive approach to managing capital and ensuring the Company is well-positioned for future endeavors.

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