Textron enters new $1.0B credit facility expiring 2030, replacing prior facility

TEXTRON INC

New $1.0B senior unsecured revolving credit facility, may be increased to up to $1.3B.
Facility expires October 16, 2030; two optional one-year extensions available with consent of majority lenders.
Interest margins based on credit ratings; current BBB/Baa2 ratings: Base Rate Margin 14 bps, Term Benchmark Margin 1.14 bps.
Quarterly facility fee of 11 bps at current ratings; up to $100M available for letters of credit.
Replaces the $1.0B 5-year facility that was scheduled to expire October 21, 2027.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

TEXTRON INC incurred revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. at Term Benchmark Margin which can range from 91 basis points to 130 basis points d maturing October 16, 2030.

Instrument: revolving credit
Principal: $1.0 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Term Benchmark Margin which can range from 91 basis points to 130 basis points d
Maturity: October 16, 2030
Event: incurrence

Exact text from the filing

On October 16, 2025, Textron Inc. (“Textron”) entered into a senior unsecured revolving credit facility (the “Facility Agreement”) with the Lenders party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, in an aggregate principal amount of $1.0 billion.

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Source: SEC EDGAR

accession 0001104659-25-100886

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