Cerner amendment increases revolving credit facility to $1 billion

By Wendy Van Sickle

Columbus, Ohio, Nov. 12 – Cerner Corp. entered into an amendment on Nov. 5 to its third amended and restated credit agreement with U.S. Bank NA as administrative agent to exercise its right to increase revolving commitments by $300 million to $1 billion, according to an 8-K filing with the Securities and Exchange Commission.

Additionally, PNC Bank, NA was added as a lender.

The credit agreement provides for a $700 million revolving credit loan facility with a $100 subfacility for letters of credit.

There is a $200 million accordion feature.

As of Nov. 5, there was $600 million outstanding under the facility in addition to letters of credit.

Cerner is a North Kansas City, Mo.-based designer, developer and marketer of health care information technology, health care devices and content solutions for health care organizations and consumers.

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