Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
3M CO incurred revolving credit of $1.25 billion with JPMorgan Chase Bank, N.A. (as administrative agent) at adjusted term SOFR rate plus 0.75% per annum maturing 364-day.
- Instrument
- revolving credit
- Principal
- $1.25 billion
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent)
- Rate
- adjusted term SOFR rate plus 0.75% per annum
- Maturity
- 364-day
- Event
- incurrence
Exact text from the filing
On November 10, 2022, 3M Company entered into a $1.25 billion 364-day credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders as defined in the Credit Agreement.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
3M CO entered into Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders valued at $1.25 billion (effective 2022-11-10).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders
- Value
- $1.25 billion
- Effective
- 2022-11-10
Exact text from the filing
On November 10, 2022, 3M Company entered into a $1.25 billion 364-day credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A. as administrative agent, Citibank, N.A. as syndication agent, Deutsche Bank Securities Inc. and Bank of America, N.A. as documentation agents, and a syndicate of lenders as defined in the Credit Agreement.
View on SEC.gov