MOHAWK INDUSTRIES INC (MHK): debt financing — 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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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOHAWK INDUSTRIES INC terminated Existing Credit Facility with Wells Fargo Bank, National Association, as administrative agent, swing line lender, and an L/C issuer, and the other lenders party thereto (effective 2026-05-12).

Action: termination
Agreement: credit facility
Counterparty: Wells Fargo Bank, National Association, as administrative agent, swing line lender, and an L/C issuer, and the other lenders party thereto
Effective: 2026-05-12

Exact text from the filing

the Company terminated all outstanding commitments and repaid all outstanding obligations under that certain Second Amended and Restated Credit Agreement, dated as of October 18, 2019

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

MOHAWK INDUSTRIES INC entered into New Credit Agreement with JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as U.S. administrative agent and non-U.S. administrative agent (together, the “Administrative Agent”), and certain lenders party thereto valued at $1,500,000,000 (effective 2026-05-12).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A. and J.P. Morgan SE, as U.S. administrative agent and non-U.S. administrative agent (together, the “Administrative Agent”), and certain lenders party thereto
Value: $1,500,000,000
Effective: 2026-05-12

Exact text from the filing

(the “Company”) entered into a New Credit Agreement (as defined hereafter), and, substantially contemporaneously therewith, the Company terminated all outstanding commitments and repaid all outstanding obligations under that certain

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10 debt financings filed in the last 30 days. Browse all debt financings →

MOHAWK INDUSTRIES INC filing history →

Source: SEC EDGAR

accession 0001104659-26-060295

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