MELVILLE, N.Y., April 19, 2013 /PRNewswire/ -- Henry Schein , Inc. (NASDAQ: HSIC), the world's largest provider of health care products and services to office-based dental, medical and animal health practitioners, announced today that it has entered into a facility agreement of up to $300 million with The Bank of Tokyo-Mitsubishi UFJ, Ltd. based on the securitization of its accounts receivable. The facility is committed and has a maturity of three years.
Henry Schein plans to use this new 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.
"We are pleased to announce this facility agreement, which contributes to our existing committed financing lines and provides us with greater operational flexibility to execute on our strategic growth objectives," said Steven Paladino , Executive Vice President and Chief Financial Officer of Henry Schein .
About Henry Schein , Inc.
Henry Schein , 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, Henry Schein employs more than 15,000 Team Schein Members and serves more than 775,000 customers.
The Company offers a comprehensive selection of products and service
|SOURCE Henry Schein , Inc.|
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