Sept. 13, 2012
, Inc. (NASDAQ: HSIC), the world's largest provider of health care products and services to office-based dental, medical and animal health practitioners, today announced the closing of a new
revolving credit facility. This new facility, which matures in
revolving facility, which was scheduled to mature in September 2013. J.P. Morgan Securities LLC served as Sole Bookrunner and Joint Lead Arranger for the new facility. HSBC Bank
, National Association also served as Joint Lead Arranger.
"We are very happy to announce this expanded credit facility at favorable terms," said
Stanley M. Bergman
, Chairman and Chief Executive Officer of
. "This new facility reflects the recognition of
's ongoing success and our strong financial results."
plans to use its credit facility for working capital and general corporate purposes, including, but not limited to, capital expenditures, the repurchase of the Company's capital stock and permitted refinancing of existing debt, as well as for funding potential acquisitions.
About Henry Schein, Inc.
, Inc. is the world's largest provider of health care products and services to office-based dental, medical and animal health practitioners. The Company also serves dental laboratories, government and institutional health care clinics, and other alternate care sites. A Fortune 500® Company and a member of the NASDAQ 100® Index,
employs nearly 15,000 Team Schein Members and serves approximately 775,000 customers.
The Company offers a comprehensive selection of products and services, including value-added solutions for operating efficient practices and delivering high-quality care.
operates through a centralized and automated distribution network, with a selection of more than 90,000 national and
private-brand products in stock, as well as more than 100,000 additional products available as special-order items. The Company also offers its customers exclusive, innovative technology solutions, including practice management software and e-commerce solutions, as well as a broad range of financial services.
has operations or affiliates in 26 countries. The Company's sales reached a record
in 2011, and have grown at a compound annual rate of 18 percent since
became a public company in 1995. For more information, visit the Henry Schein Web site at
In accordance with the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, we provide the following cautionary remarks regarding important factors that, among others, could cause future results to differ materially from the forward-looking statements, expectations and assumptions expressed or implied herein. All forward-looking statements made by us are subject to risks and uncertainties and are not guarantees of future performance. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance and achievements or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These statements are identified by the use of such terms as "may," "could," "expect," "intend," "believe," "plan," "estimate," "forecast," "project," "anticipate" or other comparable terms.