LEGGETT & PLATT INC (LEG): debt financing — Leggett & Platt amends credit facility: revolver reduced to $1B, maturity extended to 2030

LEGGETT & PLATT INC

Revolving commitments decreased from $1.2B to $1.0B; maturity extended from Sept 2026 to July 2030.
Leverage ratio covenant tightened to 3.50x from previous schedule (was to drop to 3.50x in Sept 2025).
Pricing grid modified: new tier for BBB-/Baa3 added; spreads and commitment fees adjusted.
Commercial paper program capacity reduced from $1.2B to $1.0B; $313M CP outstanding as of July 24.
Accordion feature reduced from $600M to $500M; Canadian dollar borrowing reinstated (CORRA), Mexican peso suspended.

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

LEGGETT & PLATT INC amended revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. at various pre-defined spreads maturing July 24, 2030.

Instrument: revolving credit
Principal: $1.0 billion
Counterparty: JPMorgan Chase Bank, N.A.
Rate: various pre-defined spreads
Maturity: July 24, 2030
Event: amendment

Exact text from the filing

Revolving Commitments Decreased . The aggregate amount of the Lender’s commitments to make Loans under the senior unsecured Revolving Facility was decreased from $1.2 billion to $1.0 billion. (2) Maturity Date Extended . The maturity date under the Credit Agreement was extended from September 30, 2026 to July 24, 2030. (3) Decrease in Accordion Feature . The

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Source: SEC EDGAR

accession 0001193125-25-165467

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