Omnicare repays, terminates $300 million revolver, $400 million loan

By Angela McDaniels

Tacoma, Wash., Aug. 18 – Omnicare, Inc. repaid and terminated its $300 million five-year senior revolving credit facility and $400 million five-year senior term loan on Tuesday, according to an 8-K filing with the Securities and Exchange Commission.

The repayment was made in connection with the acquisition of the company by CVS Health Corp.

SunTrust Bank was the administrative agent.

Omnicare provides pharmaceutical services and is based in Cincinnati. CVS is a Woonsocket, R.I., operator of drugstores and medical clinics and provider of pharmacy benefits management and specialty pharmacy services.

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