NUCOR CORP (NUE): debt financing — Nucor ups revolving credit facility to $2.25B, extends maturity to 2030

NUCOR CORP

New $2.25B facility replaces prior $1.75B facility; matures March 11, 2030.
Facility includes $100M letter of credit subfacility and $500M subfacility for designated borrowers.
Fifth amendment and restatement of prior credit agreement; no changes to financial covenants mentioned.
Borrowing capacity increased by $500M; extended by about 5 years from previous maturity.

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

NUCOR CORP incurred credit facility of $2.25 billion with Bank of America, N.A., as administrative agent, and the lenders party thereto maturing March 11, 2030.

Instrument: credit facility
Principal: $2.25 billion
Counterparty: Bank of America, N.A., as administrative agent, and the lenders party thereto
Maturity: March 11, 2030
Event: incurrence

Exact text from the filing

the Fifth Amended and Restated Multi-Year Revolving Credit Agreement (the “Fifth A&R Revolving Credit Facility”) with Bank of America, N.A., as administrative agent, and the lenders party thereto to, among other things, increase the borrowing capacity from $1.75 billion to $2.25 billion and extend the maturity date to March 11, 2030

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Source: SEC EDGAR

accession 0001193125-25-055684

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