Grainger amends credit agreement to replace LIBOR with alternative rates like SOFR

W.W. GRAINGER, INC.

First Amendment to Credit Agreement changes benchmark rates from LIBOR to SOFR, EURIBOR, CDOR, and SONIA.
Existing $1.25B revolving credit facility remains unchanged; no increase or reduction in commitments.
No default occurred; representations and warranties reaffirmed as of August 29, 2022.
Amendment executed by Company, JPMorgan as admin agent, and multiple lenders including Bank of America, Citibank.

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