---
schema_version: "secwatch.filing_event.v1"
accession: "0000066740-23-000037"
form_type: "8-K"
ticker: "MMM"
cik: "0000066740"
company_name: "3M CO"
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:10:03.446513+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# 3M enters new $4.25B five-year revolving credit facility, replaces prior $3B and $1.25B facilities

## Summary
- New $4.25B unsecured five-year revolving credit facility dated May 11, 2023, with JPMorgan as administrative agent.
- Replaces $3.0B five-year facility (Nov 2019) and $1.25B 364-day facility (Nov 2022); both terminated.
- Facility fee of 0.04% per annum on unused commitments; interest margin 0.625% for term benchmark advances (SOFR+0.10%+0.625%).
- Company may request increase up to $5.25B and extension up to two additional one-year periods, subject to lender consent.
- Covenant requires EBITDA/Interest ratio not less than 3.0 to 1.0 quarterly.

## SEC filing metadata
- accession: 0000066740-23-000037
- form_type: 8-K
- ticker: MMM
- cik: 0000066740
- company_name: 3M CO
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/66740/000006674023000037/0000066740-23-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/66740/000006674023000037/mmm-20230511.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000066740-23-000037
- JSON: https://secwatch.observer/filing/0000066740-23-000037.json
- Plain text: https://secwatch.observer/filing/0000066740-23-000037.txt

## Key facts
- Debt Financings
  3M CO incurred revolving credit of $4.25 billion 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 at 0.04% per annum on unused commitments maturing fifth anniversary of the Effective Date.
  - Instrument: revolving credit
  - Principal: $4.25 billion
  - 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
  - Rate: 0.04% per annum on unused commitments
  - Maturity: fifth anniversary of the Effective Date
  - Event: incurrence
  source text: On May 11, 2023 (the “Effective Date”), 3M Company (the “Company”) entered into a new $4.25 billion five-year revolving credit agreement (the “Facility”) 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 Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66740/000006674023000037/0000066740-23-000037-index.htm
- Material Agreements
  3M CO entered into Facility with JPMorgan Chase Bank, N.A., Citibank, N.A., Deutsche Bank Securities Inc., Bank of America, N.A., and a syndicate of lenders valued at $4.25 billion (effective 2023-05-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., Citibank, N.A., Deutsche Bank Securities Inc., Bank of America, N.A., and a syndicate of lenders
  - Value: $4.25 billion
  - Effective: 2023-05-11
  source text: On May 11, 2023 (the “Effective Date”), 3M Company (the “Company”) entered into a new $4.25 billion five-year revolving credit agreement (the “Facility”) 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 Facility.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66740/000006674023000037/0000066740-23-000037-index.htm
- Material Agreements
  3M CO terminated Former Facilities (effective 2023-05-11).
  - Action: termination
  - Agreement: credit facility
  - Effective: 2023-05-11
  source text: as administrative agent, as well as the $1.25 billion, 364-day credit agreement (the “Former 364-Day Facility” and, together with the Former Revolving Facility, the “Former Facilities”) dated as of November 10, 2022, among the Company, the lenders named therein and JPMorgan Chase Bank, N.A.
  evidence_url: https://www.sec.gov/Archives/edgar/data/66740/000006674023000037/0000066740-23-000037-index.htm

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