EMERSON ELECTRIC CO (EMR): debt financing — Emerson enters $3B 364-day credit facility to back Aspen Tech tender offer

EMERSON ELECTRIC CO

Entered $3B 364-day unsecured credit facility with JPMorgan, BofA, Goldman Sachs on Feb 11, 2025.
No outstanding borrowings; back-up for commercial paper to finance Aspen Technologies tender offer.
Shareholders approved amendment reducing supermajority vote for preferred stock amendments, effective Feb 10, 2025.
Facility expires Feb 10, 2026; Company may designate eligible subsidiaries as borrowers.

item 1.01 item 2.03 item 8.01 item 5.07 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EMERSON ELECTRIC CO incurred credit facility of $3 billion with JPMorgan Chase Bank, N.A., as agent, Bank of America, N.A. and Goldman Sachs Bank USA, as syndication agents, and the lenders named therein maturing February 10, 2026.

Instrument: credit facility
Principal: $3 billion
Counterparty: JPMorgan Chase Bank, N.A., as agent, Bank of America, N.A. and Goldman Sachs Bank USA, as syndication agents, and the lenders named therein
Maturity: February 10, 2026
Event: incurrence

Exact text from the filing

On February 11, 2025, Emerson Electric Co. (the "Company") entered into a $3 billion 364-Day Credit Agreement (the “364-Day Credit Facility”), dated as of February 11, 2025, with JPMorgan Chase Bank, N.A., as agent, Bank of America, N.A. and Goldman Sachs Bank USA, as syndication agents, and the lenders named therein.

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Source: SEC EDGAR

accession 0000032604-25-000048

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