CHURCH & DWIGHT CO INC /DE/ (CHD): debt financing — Church & Dwight enters new $2.0B revolving credit facility, upsized from $1.5B

CHURCH & DWIGHT CO INC /DE/

New $2.0B unsecured revolving credit facility replaces prior $1.5B facility; can be increased to $2.75B.
Facility matures July 17, 2030; interest based on Term SOFR, CORRA, SONIA, EURIBOR, TIBOR plus margin.
Financial covenant requires interest coverage ratio of at least 3.75:1.0.
Prior $1.5B facility terminated and all outstanding amounts fully repaid.
Margin ranges from 0.625% to 1.125% over benchmark; commitment fee 0.05%-0.10%.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.98

CHURCH & DWIGHT CO INC /DE/ incurred revolving credit of $2.0 billion with Bank of America, N.A., as lead administrative agent at Term SOFR plus applicable margin ranging from 0.6250% to 1.125% per annum maturing July 17, 2030.

Instrument: revolving credit
Principal: $2.0 billion
Counterparty: Bank of America, N.A., as lead administrative agent
Rate: Term SOFR plus applicable margin ranging from 0.6250% to 1.125% per annum
Maturity: July 17, 2030
Event: incurrence

Exact text from the filing

unsecured revolving credit facility that was entered into on June 16, 2022. The aggregate commitments of the lenders under the Credit Agreement, as of the effective date, are $2.0 billion, with an option to increase such commitments to $2.75 billion pursuant to the terms therein. The revolving credit facility matures on July 17, 2030, unless extended. Capitalized

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Source: SEC EDGAR

accession 0001193125-25-161241

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