secwatch.observer — SEC 8-K summary
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Issuer:     TEXTRON INC (TXT)
CIK:        0000217346
Form:       8-K
Filed at:   2025-10-20T23:59:59+00:00
Accession:  0001104659-25-100886
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/217346/000110465925100886/0001104659-25-100886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/217346/000110465925100886/tm2529107d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-100886

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