Iqvia increases revolver to $2 billion, adopts SOFR for some loans

By Mary-Katherine Stinson

Lexington, Ky., April 18 – Iqvia Holdings Inc. and subsidiaries Iqvia AG and Iqvia Solutions Japan KK on April 17 amended the fifth amended and restated credit agreement to increase the available revolving credit commitments to $2 billion, according to an 8-K filing with the Securities and Exchange Commission.

The increase is for $500 million.

The amendment also replaced the benchmark rate with SOFR from the previous Libor for the revolving credit facility and a portion of the company’s outstanding term loans.

Interest is now at SOFR plus 125 bps to 200 bps. The commitment fee is 20 bps to 35 bps. There is a 0% SOFR floor.

Bank of America, NA is the administrative agent and collateral agent.

The provider of health information technologies and clinical research is based in Durham, N.C.

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