---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-108856"
form_type: "8-K"
ticker: "GWW"
cik: "0000277135"
company_name: "W.W. GRAINGER, INC."
filed_at: "2023-10-12T23:59:59+00:00"
generated_at: "2026-06-10T01:18:29.693043+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Grainger enters $1.25B revolver, replacing prior facility; maturity extended to 2028

## Summary
- New $1.25B unsecured revolving credit facility, expandable to $1.875B, matures Oct 11, 2028 with two one-year extension options.
- Replaces prior $1.25B facility (Feb 2020) that was terminated on Oct 11, 2023, which had maturity of Feb 2025.
- Interest rate based on debt rating: e.g., at AA-/Aa3, term loans at SOFR+0.58% and facility fee of 0.045%.
- Borrowings available in USD, EUR, GBP, CAD, and other approved currencies; customary covenants and events of default apply.

## SEC filing metadata
- accession: 0001104659-23-108856
- form_type: 8-K
- ticker: GWW
- cik: 0000277135
- company_name: W.W. GRAINGER, INC.
- filed_at: 2023-10-12T23:59:59+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/277135/000110465923108856/0001104659-23-108856-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/277135/000110465923108856/tm2328304d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-108856
- JSON: https://secwatch.observer/filing/0001104659-23-108856.json
- Plain text: https://secwatch.observer/filing/0001104659-23-108856.txt

## Key facts
- Debt Financings
  W.W. GRAINGER, INC. incurred revolving credit of $1,250,000,000 with JPMorgan Chase Bank, N.A. at Relevant Rate plus a margin determined with reference to the rating on the Compa maturing October 11, 2028.
  - Instrument: revolving credit
  - Principal: $1,250,000,000
  - Counterparty: JPMorgan Chase Bank, N.A.
  - Rate: Relevant Rate plus a margin determined with reference to the rating on the Compa
  - Maturity: October 11, 2028
  - Event: incurrence
  source text: its subsidiaries (collectively, the “ Borrowers ”) may obtain loans in various currencies on a revolving basis in an aggregate amount not exceeding the U.S. Dollar equivalent of $1,250,000,000, which amount may be increased from time to time up to $1,875,000,000 at the request of the Company, subject to obtaining additional commitments and other customary conditions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000110465923108856/0001104659-23-108856-index.htm
- Material Agreements
  W.W. GRAINGER, INC. entered into Credit Facility with the financial institutions and other lenders named therein, and JPMorgan Chase Bank, N.A., as administrative agent valued at $1,250,000,000 (effective 2023-10-11).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: the financial institutions and other lenders named therein, and JPMorgan Chase Bank, N.A., as administrative agent
  - Value: $1,250,000,000
  - Effective: 2023-10-11
  source text: On October 11, 2023, W.W. Grainger, Inc. (the “ Company ”), as borrower, entered into a five-year syndicated revolving credit facility agreement (the “ Credit Facility ”) with the financial institutions and other lenders named therein, and JPMorgan Chase Bank, N.A. (“ JPMorgan ”), as administrative agent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000110465923108856/0001104659-23-108856-index.htm
- Material Agreements
  W.W. GRAINGER, INC. terminated 2020 Credit Facility with the lenders party thereto, and JPMorgan, as administrative agent (effective 2023-10-11).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: the lenders party thereto, and JPMorgan, as administrative agent
  - Effective: 2023-10-11
  source text: acility, dated as of February 14, 2020 (the “ 2020 Credit Facility ”), among the Company, the lenders party thereto, and JPMorgan, as administrative agent, which was scheduled to mature on February 14, 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/277135/000110465923108856/0001104659-23-108856-index.htm

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