Aetna entered into a first amendment to its term loan credit agreement dated July 30, 2015, extending the end date for the lenders’ commitments and adding language allowing the company to replace lenders.

Under the amendment, the latest date on which the lenders’ commitments under the credit agreement may expire is now December 31, 2016, or no later than July 1, 2017 if the end date is extended.

Citibank served as administrative agent.

The amendment also permits Aetna to replace any lender that fails to consent to a proposed amendment, waiver, discharge or termination which requires the consent of all of the lenders or all of the lenders directly affected thereby and with respect to which lenders having at least 51% of the aggregate amount of the commitments or 51% of the aggregate amount of the outstanding loans under the agreement, as applicable, have granted their consent and adds customary language to reflect European Union “bail-in” directive compliance language.