Teleflex refinances credit facility with $2.2B agreement, $700M tranche due 2028

Filed May 27, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

• high

  Teleflex replaced its 2022 credit agreement with a new $2.2B facility: $1B five-year revolver and $1.2B in term loans ($500M A-1, $700M A-2). The A-2 loan matures in two years (May 2028), requiring near-term refinancing or repayment.

  Item 1.01 verify on EDGAR →
• high

  New facility requires maximum net leverage of 4.50x and minimum interest coverage of 3.00x. Covenant breaches could trigger default and accelerate repayment of the entire $2.2B facility.

  Item 1.01 verify on EDGAR →
• medium

  Borrowing costs tied to Term SOFR plus 1.125%-2.00% margin based on leverage ratio or credit rating. Pricing adjusts with company's financial performance.

  Item 1.01 verify on EDGAR →