On April 19, 2022, Elanco Animal Health Incorporated (the Company), Elanco US Inc. and certain subsidiaries of the Company entered into an incremental assumption agreement (the Incremental Assumption Agreement) with Farm Credit Mid-America, PCA, as incremental term lender, and Goldman Sachs Bank USA, as the term facility agent, supplementing and amending the Company's existing credit agreement (the Credit Agreement) dated as of August 1, 2020 relating to its senior secured credit facility. The Incremental Assumption Agreement provides for a new incremental term facility under the Credit Agreement in an aggregate principal amount of $250,000,000, to be used to repay outstanding obligations under its revolving facility under the Credit Agreement. The incremental term facility matures on April 19, 2029.

The terms of the new incremental term facility, including the interest rate and repayment terms, are generally consistent with the terms of the Company's existing term loan facility under the Credit Agreement.