secwatch.observer — SEC 8-K summary
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Issuer:     3M CO (MMM)
CIK:        0000066740
Form:       8-K
Filed at:   2023-07-10T23:59:59+00:00
Accession:  0000066740-23-000051
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

3M amends credit agreement to add back up to $12.5B PFAS settlement charges from EBITDA
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/66740/000006674023000051/0000066740-23-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/66740/000006674023000051/mmm-20230707.htm
  HTML page:      https://secwatch.observer/filing/0000066740-23-000051

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