3M subsidiary secures $1.43B term loan and $200M revolver to fund Madison Safety acquisition

3M CO

$1.43B term loan facility and $200M revolving credit facility; maturity 364 days after closing with possible 12-month extension.
Proceeds used to finance acquisition of Madison Safety & Flow Holdings LLC from Madison Industries.
3M unconditionally guarantees all borrower obligations; facilities are senior unsecured.
Loans bear interest at Term SOFR +0.875% or Base Rate; EBITDA/Interest covenant >=3.0x.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

3M CO entered into Credit Agreement with Morgan Stanley Senior Funding, Inc., Citibank, N.A., U.S. Bank National Association, and certain financial institutions as lenders valued at a $1.43 billion term loan facility (effective 2026-04-30).

Action: entry
Agreement: credit facility
Counterparty: Morgan Stanley Senior Funding, Inc., Citibank, N.A., U.S. Bank National Association, and certain financial institutions as lenders
Value: a $1.43 billion term loan facility
Effective: 2026-04-30

Exact text from the filing

On April 30, 2026 (the “Effective Date”), 3M Company (the “Company”) and its indirect subsidiary Fire Safety Platform Holdco, Inc. (the “Borrower”) entered into a credit agreement (the “Credit Agreement”) with Morgan Stanley Senior Funding, Inc. as administrative agent, sole lead arranger and sole bookrunner, Citibank, N.A. and U.S. Bank National Association as co-syndication agents, and certain financial institutions as lenders.

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Source: SEC EDGAR

accession 0000066740-26-000188

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