ROCKWELL AUTOMATION, INC (ROK): debt financing — Rockwell Automation enters $500M 364-day term loan credit agreement

ROCKWELL AUTOMATION, INC

Borrowed $500M on May 16, 2025 under a senior unsecured 364-day term loan facility maturing May 15, 2026.
Interest rates: base rate plus 0.000%-0.250% margin or term SOFR plus 1.000%-1.250%, based on credit ratings.
Proceeds used for general corporate purposes; existing $1.5B five-year credit facility remains outstanding and undrawn.
Covenant requires Consolidated EBITDA to Consolidated Interest Expense ratio of at least 3.00:1.00 for four consecutive quarters.
Agreement includes customary events of default and acceleration provisions; no restriction on dividend payments.

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

ROCKWELL AUTOMATION, INC incurred term loan of $500,000,000 with Bank of America, N.A., as Administrative Agent at term SOFR plus applicable term SOFR margin maturing May 15, 2026.

Instrument: term loan
Principal: $500,000,000
Counterparty: Bank of America, N.A., as Administrative Agent
Rate: term SOFR plus applicable term SOFR margin
Maturity: May 15, 2026
Event: incurrence

Exact text from the filing

On May 16, 2025, Rockwell Automation, Inc. (the “Company”) entered into a $500,000,000 senior unsecured 364-day term loan credit agreement with the Banks listed therein, Bank of America, N.A., as Administrative Agent, U.S. Bank National Association, as Syndication Agent, and The Toronto-Dominion Bank, New York Branch and Wells Fargo Bank, National Association, as Documentation Agents (the “Agreement”). On May 16, 2025, the Banks advanced loans under the Agreement in the amount of $500,000,000.

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Source: SEC EDGAR

accession 0001193125-25-122544

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