ACUITY INC. (DE) (AYI): debt financing — Acuity enters new $800M unsecured revolver maturing 2031, replacing prior facility

ACUITY INC. (DE)

New $800M unsecured revolving credit facility with maturity in May 2031.
Replaces existing $800M facility dated June 30, 2022.
Leverage covenant max 3.75:1 (temporarily to 4.25:1 for acquisitions).
Loans bear interest at base rate, Term SOFR, EURIBOR, SONIA, or CORRA plus applicable margin.
Guaranteed by material domestic subsidiaries; facility fee based on leverage ratio or credit rating.

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

ACUITY INC. (DE) incurred credit facility of $800 million with JPMorgan Chase Bank, N.A., as administrative agent at adjusted base rate, Term SOFR, EURIBOR, Daily Simple SONIA or Term CORRA, plus, maturing May 2031.

Instrument: credit facility
Principal: $800 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: adjusted base rate, Term SOFR, EURIBOR, Daily Simple SONIA or Term CORRA, plus,
Maturity: May 2031
Event: incurrence

Exact text from the filing

The Credit Agreement provides for an unsecured revolving credit facility that matures in May 2031 with an initial maximum aggregate amount of availability of $800 million.

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Source: SEC EDGAR

accession 0001193125-26-221945

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