Mohawk enters new $1.5B unsecured revolving credit facility maturing 2031

MOHAWK INDUSTRIES INC

New credit facility: $1.5B revolving commitments, plus $600M accordion feature.
Maturity date May 12, 2031; can be extended up to two times for up to 5 years each.
Unsecured; includes $125M letter of credit sublimit and $150M swingline sublimit.
Interest rates: SOFR + 0.75%-1.25% or Base Rate + 0-0.25%; commitment fee 0.055%-0.15%.
Financial covenant: Consolidated Interest Coverage Ratio must be at least 3.50 to 1.00.

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

MOHAWK INDUSTRIES INC incurred revolving credit of $1,500,000,000 with JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as U.S. administrative agent and non-U.S. administrative agent at (a) Term SOFR plus an applicable margin ranging from 0.750% per annum to 1.250% maturing May 12, 2031.

Instrument: revolving credit
Principal: $1,500,000,000
Counterparty: JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as U.S. administrative agent and non-U.S. administrative agent
Rate: (a) Term SOFR plus an applicable margin ranging from 0.750% per annum to 1.250%
Maturity: May 12, 2031
Event: incurrence

Exact text from the filing

The New Credit Agreement provides for unsecured revolving credit commitments in an initial aggregate amount of up to $1,500,000,000

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Source: SEC EDGAR

accession 0001104659-26-060295

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