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.

item 1.01item 2.03item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.