---
schema_version: "secwatch.filing_event.v1"
accession: "0000049826-22-000057"
form_type: "8-K"
ticker: "ITW"
cik: "0000049826"
company_name: "ILLINOIS TOOL WORKS INC"
filed_at: "2022-10-26T23:59:59+00:00"
generated_at: "2026-06-23T00:58:44.876324+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# ITW enters $3.0B five-year credit facility, replaces prior facility due 2024

## Summary
- Entered $3.0B five-year credit facility with JPMorgan as agent, Citibank as syndication agent, effective Oct 21, 2022.
- No amounts outstanding under new or replaced facility; prior facility (Sept 2019) terminated.
- Unused commitment fee 0.045%-0.09% and applicable margin 0.625%-1.00%, both based on credit rating.
- Company may request increase to $5.0B total at lenders' discretion.
- Key covenant: Interest Coverage Ratio must not be less than 3.5x.

## SEC filing metadata
- accession: 0000049826-22-000057
- form_type: 8-K
- ticker: ITW
- cik: 0000049826
- company_name: ILLINOIS TOOL WORKS INC
- filed_at: 2022-10-26T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/49826/000004982622000057/0000049826-22-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/49826/000004982622000057/itw-20221021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000049826-22-000057
- JSON: https://secwatch.observer/filing/0000049826-22-000057.json
- Plain text: https://secwatch.observer/filing/0000049826-22-000057.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.