QuidelOrtho Corporation announced the successful completion of a series of related transactions to refinance its debt structure on August 21, 2025. This refinancing allows the company to strengthen its capital structure and maintain financial flexibility.
Through these transactions, QuidelOrtho extended its debt maturities and reduced required amortization payments. Chief Financial Officer Joseph Busky stated that reducing total debt and net debt leverage remains the company's highest capital allocation priority.
The improved debt covenant terms and reduced amortization over the life of the loan provide greater financial flexibility and options to fund the continued growth of the business, while also improving cash flow. This move is expected to support the company's long-term strategic objectives.
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