Labcorp Holdings Secures New $750 Million Term Loan
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The latest update is out from Labcorp Holdings ( (LH) ).
On March 20, 2026, Labcorp Holdings Inc. and its subsidiary Laboratory Corporation of America Holdings entered into a new term loan credit agreement providing a $750 million senior unsecured term loan maturing on March 20, 2028. The facility, fully funded at closing, bears interest at a floating rate based on either SOFR plus a margin of 0.700% or a base rate with no additional margin.
The credit agreement includes customary representations, covenants and events of default, with limitations on additional debt at certain non‑guarantor subsidiaries, as well as restrictions on liens, mergers and major asset sales. It also requires Labcorp to maintain a maximum consolidated leverage ratio of 4.0x, with the ability to raise this temporarily to 4.5x for four quarters following material acquisitions under specified conditions, shaping the company’s financial flexibility and capital structure over the loan term.
The most recent analyst rating on (LH) stock is a Hold with a $300.00 price target. To see the full list of analyst forecasts on Labcorp Holdings stock, see the LH Stock Forecast page.
Spark’s Take on LH Stock
According to Spark, TipRanks’ AI Analyst, LH is a Outperform.
The score is driven by improving operational outlook and supportive technical momentum (price above key moving averages with positive MACD), partly offset by only solid—not exceptional—financial consistency (margin and FCF variability) and a relatively high P/E with a modest dividend yield.
To see Spark’s full report on LH stock, click here.
More about Labcorp Holdings
Labcorp Holdings Inc., through its subsidiary Laboratory Corporation of America Holdings, operates in the healthcare diagnostics industry, providing clinical laboratory testing and related services. The company focuses on delivering diagnostic solutions to healthcare providers, pharmaceutical companies and other stakeholders across the medical and life sciences markets.
Average Trading Volume: 684,716
Technical Sentiment Signal: Buy
Current Market Cap: $21.76B
Find detailed analytics on LH stock on TipRanks’ Stock Analysis page.
