Fortune Brands Extends Existing Revolving Credit Agreement

August 4th, 2022 by Editor

Fortune Brands Home & Security Inc. announced that on Aug. 2, 2022, it executed an extension of its existing five-year revolving credit agreement.

The new agreement extends the company’s current $1.25 billion Senior Unsecured Revolving Credit Facility for a five-year term, dated for maturity on Aug. 2, 2027.
The proceeds from the agreement will be used for general corporate purposes, and the agreement will continue as a part of the company’s capital structure post separation of the cabinet business.

JPMorgan Chase Bank, N.A. is the Administrative Agent for the agreement and Bank of America, N.A. is the Syndication Agent.

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