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Cooper Co Amends Loan Facilities to Enhance Flexibility

Story Highlights
  • On February 3, 2026, Cooper extended $950 million of term loans, loosened incremental borrowing limits, and adjusted pricing options under its 2021 loan agreement.
  • Cooper and CooperVision amended their 2024 revolving credit facility to mirror key revised terms, improving capital structure alignment and long-term financing flexibility.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Cooper Co Amends Loan Facilities to Enhance Flexibility

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Cooper Co ( (COO) ) has provided an update.

On February 3, 2026, The Cooper Companies, Inc. amended its 2021 Term Loan Agreement by extending the maturity date of $950 million of its term loans to February 3, 2031 while leaving the $550 million balance unchanged, removing the credit spread adjustment, increasing the cap on incremental term loans to the greater of $1.365 billion and 100% of consolidated EBITDA, and allowing loan pricing to be based either on the company’s senior unsecured long-term debt ratings or its consolidated net indebtedness to consolidated EBITDA ratio. On the same date, the company and CooperVision International Limited executed an amendment to their 2024 Revolving Credit Agreement to align its terms with the revised 2021 loan facility, including removal of credit spread adjustments, a move that streamlines Cooper’s capital structure, provides greater flexibility for additional borrowing, and could enhance its long-term funding stability and financial planning capacity for stakeholders.

The most recent analyst rating on (COO) stock is a Buy with a $99.00 price target. To see the full list of analyst forecasts on Cooper Co stock, see the COO Stock Forecast page.

Spark’s Take on COO Stock

According to Spark, TipRanks’ AI Analyst, COO is a Outperform.

Cooper Co’s overall stock score reflects strong financial health and positive technical indicators, supported by strategic growth initiatives and robust earnings performance. While the valuation is relatively high, the company’s focus on share repurchases and debt reduction enhances its long-term financial outlook. Challenges in certain markets, particularly in China, and the absence of a dividend yield are notable risks.

To see Spark’s full report on COO stock, click here.

More about Cooper Co

The Cooper Companies, Inc. is a diversified medical device company whose operations include its subsidiary CooperVision International Limited, reflecting a focus on healthcare-related products and services, particularly in vision care, with financing arrangements supported by subsidiary guarantors and a syndicate of lenders led by PNC Bank as administrative agent.

Average Trading Volume: 2,651,996

Technical Sentiment Signal: Buy

Current Market Cap: $15.81B

For an in-depth examination of COO stock, go to TipRanks’ Overview page.

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