secwatch.observer — SEC 8-K summary
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Issuer:     Air Products & Chemicals, Inc. (APD)
CIK:        0000002969
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080706
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Air Products enters new $3.5B revolving credit facilities, replaces prior $2.75B agreement
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2969/000119312524080706/0001193125-24-080706-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2969/000119312524080706/d812327d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080706

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