3M signs USD 4.25 billion five-year revolving credit facility with JPMorgan Chase-led banks

Reuters2026/08/19 12:04

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Entered a new credit agreement on Aug. 17, 2026 for a USD 4.25 billion unsecured revolving credit facility, led by JPMorgan Chase.
Facility is available until maturity, with any borrowings due on the fifth anniversary of the effective date.
Replaced a prior USD 4.25 billion five-year revolving credit agreement dated May 11, 2023; the prior facility was terminated.
Pricing set off Base Rate, Term SOFR, or EURIBO Rate, with rating-based margins up to 1.125% for SOFR or EURIBO loans.
Includes a minimum 3.0x EBITDA-to-interest covenant; lenders can demand repayment on 30 days’ notice following a change of control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 3M Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000066740-26-000268), on August 19, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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3M signs USD 4.25 billion five-year revolving credit facility with JPMorgan Chase-led banks

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