Air Products & Chemicals, Inc. (APD): debt financing — Air Products enters new $3.5B revolving credit facilities, replaces prior $2.75B agreement

Air Products & Chemicals, Inc.

Five-year $3.0B revolving credit facility and 364-day $500M facility signed March 28, 2024.
Facilities support general liquidity and commercial paper program; senior unsecured debt available to company and subsidiaries.
Five-year facility replaces $2.75B prior agreement from March 2021; no borrowings outstanding under prior agreement at termination.
Company guarantees all subsidiary borrowings under the new credit agreements.
Acceleration clauses triggered by typical defaults (non-payment, material judgments, bankruptcy events).

item 1.01 item 2.03

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

Air Products & Chemicals, Inc. incurred revolving credit of $500 million with a syndicate of banks maturing 364 days.

Instrument: revolving credit
Principal: $500 million
Counterparty: a syndicate of banks
Maturity: 364 days
Event: incurrence

Exact text from the filing

a 364-day dollar equivalent $500 million revolving credit agreement with a syndicate of banks

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

Air Products & Chemicals, Inc. incurred revolving credit of $3.0 billion with a syndicate of banks maturing five years.

Instrument: revolving credit
Principal: $3.0 billion
Counterparty: a syndicate of banks
Maturity: five years
Event: incurrence

Exact text from the filing

On March 28, 2024, Air Products and Chemicals, Inc. (the “Company”) entered into a five-year dollar equivalent $3.0 billion revolving credit agreement with a syndicate of banks

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

Air Products & Chemicals, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-24-080706

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