debt
confidence high
sentiment neutral
materiality 0.65
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.