Fortune Brands enters into $1.25B five-year revolving credit facility maturing 2031

Fortune Brands Innovations, Inc.

New $1.25B unsecured revolving credit facility replaces prior 2022 agreement; matures Jan 16, 2031.
Company may request two one-year extensions and incremental commitments up to $750M.
Interest margins based on credit ratings: base rate 0.0%-0.30%, SOFR 0.80%-1.30%.
Financial covenants: min EBITDA/interest 3.0x, max leverage (debt minus cash/EBITDA) 3.5x.
Proceeds for general corporate purposes, including as liquidity backstop for commercial paper program.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Fortune Brands Innovations, Inc. entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A., as syndication agent valued at $1,250,000,000 (effective 2026-01-16).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A., as syndication agent
Value: $1,250,000,000
Effective: 2026-01-16

Exact text from the filing

On January 16, 2026, Fortune Brands Innovations, Inc. (the “Company”) entered into a five year unsecured revolving credit agreement among the Company, the lenders party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and Bank of America, N.A., as syndication agent (the “Credit Agreement”), which amended and restated its credit agreement, dated as of August 2, 2022.

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Fortune Brands Innovations, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-016048

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