ITW amends €750M Euro credit facility; maturity extended to 2027, spread cut to 0.70%

ILLINOIS TOOL WORKS INC

Termination date extended to February 28, 2027, with option to extend to September 15, 2027.
Interest rate spread reduced from 0.75% to 0.70% on outstanding borrowings.
One-month interest period eliminated from the credit agreement.
€750 million outstanding and fully drawn as of February 24, 2025; no additional borrowing capacity.
Amendment involves lenders ING Bank, BBVA, and Commerzbank.

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