Financing ·
On August 17, 2026, 3M Company entered into a new $4.25 billion unsecured revolving credit facility with JPMorgan…
MMM3M Co
On August 17, 2026, 3M Company entered into a new $4.25 billion unsecured revolving credit facility with JPMorgan Chase Bank as administrative agent and various lenders. This agreement replaces the former five-year revolving credit agreement dated May 11, 2023, which was terminated on the effective date. The new facility matures five years from inception but includes options to increase commitments up to $5.25 billion or extend the term by two additional one-year periods at the lenders' discretion. Interest rates are based on Base Rate, Term SOFR, or EURIBO plus applicable margins ranging from 0% to 1.125%, and unused commitment fees range from 0.05% to 0.11%. The agreement requires maintaining an EBITDA to Interest Ratio of at least 3.0 to 1.0 and includes change of control provisions. 3M Company operates in the diversified technology and manufacturing industry, producing a wide range of industrial, safety, and consumer products.