QuidelOrtho amends Bank of America-led credit agreement, resets covenants through September 2029

QuidelOrtho entered Amendment No. 1 to its August 21, 2025 credit agreement with Bank of America as administrative agent.

• Covenants reset through the fiscal quarter ending Sept. 30, 2029, easing leverage and interest-coverage requirements during a relief period.
• Maximum consolidated leverage is set at 5.5x through July 2, 2028, stepping down to 4.25x on or after Sept. 30, 2029.
• Minimum consolidated interest coverage is set at 2.25x through July 2, 2028, rising to 3x on or after Sept. 30, 2029.
• Pricing was revised for Term Loan A facilities, revolving loans and commitment fees; Term Loan B interest terms were unchanged.