---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080706"
form_type: "8-K"
ticker: "APD"
cik: "0000002969"
company_name: "Air Products & Chemicals, Inc."
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:44:17.943595+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Air Products enters new $3.5B revolving credit facilities, replaces prior $2.75B agreement

## Summary
- 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).

## SEC filing metadata
- accession: 0001193125-24-080706
- form_type: 8-K
- ticker: APD
- cik: 0000002969
- company_name: Air Products & Chemicals, Inc.
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2969/000119312524080706/0001193125-24-080706-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2969/000119312524080706/d812327d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080706
- JSON: https://secwatch.observer/filing/0001193125-24-080706.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080706.txt

## Key facts
- Debt Financings
  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
  source text: a 364-day dollar equivalent $500 million revolving credit agreement with a syndicate of banks
  evidence_url: https://www.sec.gov/Archives/edgar/data/2969/000119312524080706/0001193125-24-080706-index.htm
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/2969/000119312524080706/0001193125-24-080706-index.htm

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