---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-076534"
form_type: "8-K"
ticker: "LEG"
cik: "0000058492"
company_name: "LEGGETT & PLATT INC"
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:50:08.288431+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Leggett & Platt loosens leverage covenant to 4.0x through mid-2025; evaluates dividend

## Summary
- Leverage ratio covenant increased from 3.5x to 4.0x for quarters March 31, 2024 through June 30, 2025; reverts to 3.5x Sept 30, 2025.
- No borrowings or letters of credit outstanding under the $1.2B credit facility; accordion feature allows up to $600M increase.
- Maturity unchanged at Sept 30, 2026; Canadian Dollar borrowing right suspended due to CDOR cessation.
- CEO Mitch Dolloff cites weak residential demand; evaluating capital allocation including dividend program amount.

## SEC filing metadata
- accession: 0001193125-24-076534
- form_type: 8-K
- ticker: LEG
- cik: 0000058492
- company_name: LEGGETT & PLATT INC
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/58492/000119312524076534/0001193125-24-076534-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/58492/000119312524076534/d794117d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-076534
- JSON: https://secwatch.observer/filing/0001193125-24-076534.json
- Plain text: https://secwatch.observer/filing/0001193125-24-076534.txt

## Key facts
- Material Agreements
  LEGGETT & PLATT INC amended Amendment Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders party thereto (effective 2024-03-22).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and the Lenders party thereto
  - Effective: 2024-03-22
  source text: On March 22, 2024, Leggett & Platt, Incorporated (the “ Company ,” “ us ,” or “ we ”) entered into an Amendment Agreement relating to the Fourth Amended and Restated Credit Agreement dated as of September 30, 2021, as amended December 16, 2022 (the “ Credit Agreement ”), among us, JPMorgan Chase Bank, N.A., as administrative agent (“ JPMorgan ”), and the Lenders party thereto (the “ Amendment Agreement ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/58492/000119312524076534/0001193125-24-076534-index.htm

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