{"schema_version":"secwatch.filing_event.v1","accession":"0000066740-23-000051","form_type":"8-K","ticker":"MMM","cik":"0000066740","company_name":"3M CO","filed_at":"2023-07-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.422040+00:00","generated_at":"2026-06-13T10:46:49.801273+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"3M amends credit agreement to add back up to $12.5B PFAS settlement charges from EBITDA","bullets":["Amendment allows exclusion of charges tied to $10.5B-$12.5B proposed PFAS drinking water class-action settlement from EBITDA calculation.","Existing EBITDA/Interest covenant of ≥3.0x maintained; settlement charges no longer risk triggering breach.","Amendment executed July 7, 2023 with required banks; effective immediately.","PFAS settlement was disclosed on Form 8-K filed June 22, 2023, subject to court approval."],"urls":{"canonical":"https://secwatch.observer/filing/0000066740-23-000051","json":"https://secwatch.observer/filing/0000066740-23-000051.json","markdown":"https://secwatch.observer/filing/0000066740-23-000051.md","text":"https://secwatch.observer/filing/0000066740-23-000051.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000051/0000066740-23-000051-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000051/mmm-20230707.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T10:46:49.801273+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7c42aec8413190f43fe97aae36fc443eb1525d41","claim":"3M CO amended Amendment No. 1 to 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 party thereto valued at $4.25 billion (effective 2023-07-07).","evidence_excerpt":"On July 7, 2023, 3M Company (the “Company”) entered into Amendment No. 1 to the Credit Agreement (the “Amendment”), amending the Company’s $4.25 billion five-year revolving credit agreement, dated May 11, 2023 (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 party thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/66740/000006674023000051/0000066740-23-000051-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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 party thereto"},{"label":"Value","value":"$4.25 billion"},{"label":"Effective","value":"2023-07-07"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}