On June 12, 2026, Prestige Consumer Healthcare Inc. completed the acquisition of the Breathe Right business from Foundation Consumer Brands, LLC for $1.045 billion in cash. To fund this transaction, the company entered into a new Term Loan Credit Agreement for $1.045 billion with interest rates based on Term SOFR plus 2.00% or an alternate base rate. The agreement includes a potential second uncommitted draw of up to $95 million to help finance the acquisition of LaCorium Health, expected to close in Q2 fiscal 2027. Additionally, the company amended its asset-based revolving line of credit (ABL), increasing aggregate commitments to $225 million and extending the maturity date by five years. The company operates in the consumer healthcare industry, focusing on the marketing and sale of over-the-counter health and wellness brands.
