Business Context and Reporting Period
This Form 8-K was filed by AmerisourceBergen Corporation (now Cencora, Inc.) on January 16, 2013. The report details the entry into a material definitive agreement regarding the company's securitization facility.
Key Financial Metrics
The filing does not provide revenue, profit, cash flow, or margin data. It focuses on liquidity facilities:
- Securitization Facility Base Limit: $700 million.
- Seasonal Expansion Option: Additional $250 million available during December and March quarters, subject to bank approval.
- Collateral: Accounts receivables originated by AmerisourceBergen Drug Corporation (ABDC) for pharmaceutical sales.
- Guarantor: AmerisourceBergen Corporation serves as the performance guarantor for ABDC's obligations.
Material Changes
The primary change reported is the administrative restructuring of the company's receivables purchase agreement:
- Administrator Change: The administrator for the securitization facility was changed from Bank of America to The Bank of Tokyo-Mitsubishi UFJ, Ltd., New York Branch.
- Agreement Amendment: A Fourth Amendment to the Amended and Restated Receivables Purchase Agreement was executed on January 16, 2013.
Outlook and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the operational details of the facility. The facility is intended to provide additional liquidity and funding for ongoing business needs. The filing notes that the seasonal increase in commitments is subject to the approval of participating banks.
Investor Verification Checklist
- Verify the current status of the $700 million base limit and whether the $250 million seasonal expansion has been utilized.
- Confirm the terms of the Fourth Amendment to the Receivables Purchase Agreement (Exhibit 10.1).
- Review subsequent filings to ensure no further changes to the administrator or facility limits have occurred.
- Note that the registrant name in this 2013 filing is AmerisourceBergen Corporation, which later became Cencora, Inc.