Dentsply Sirona amends JPMorgan-led revolving credit facility, loosens leverage covenants
XRAY•Dentsply Sirona amended its revolving credit facility and three private note purchase agreements, lifting leverage limits and allowing additional EBITDA addbacks for the quarters ended Sept. 30 and Dec. 31, 2026. The amendments also tighten certain restrictions and introduce higher pricing triggers.
1. Debt amendments
Dentsply Sirona secured lender consent to amend its May 12, 2023, revolving credit facility and private note purchase agreements dated 2015, 2016 and 2019. The amendments, dated Sept. 30, 2026, raise permitted total and senior leverage ratios for the quarters ended Sept. 30 and Dec. 31, 2026, and allow additional EBITDA addbacks for certain cash charges in those quarters. They also temporarily tighten limits on new liens, new subsidiary debt and restricted payments, while introducing a new margin level and higher note-interest triggers.
