---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-22-001480"
form_type: "8-K"
ticker: "GLW"
cik: "0000024741"
company_name: "CORNING INC /NY"
filed_at: "2022-06-07T23:59:59+00:00"
generated_at: "2026-06-25T04:05:32.222173+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Corning enters new $1.5B revolving credit facility, replaces 2018 agreement

## Summary
- New $1.5B multi-currency revolver with potential increase up to $2B.
- Maturity June 6, 2027, extendable up to two additional one-year periods.
- Interest rate based on Term SOFR plus margin from 0.685% to 1.125% depending on debt ratings.
- No borrowings outstanding at execution; facility includes covenants like max debt-to-capital ratio of 0.60:1.
- JPMorgan Chase serves as administrative agent; replaces existing $1.5B credit agreement from 2018.

## SEC filing metadata
- accession: 0001206774-22-001480
- form_type: 8-K
- ticker: GLW
- cik: 0000024741
- company_name: CORNING INC /NY
- filed_at: 2022-06-07T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24741/000120677422001480/0001206774-22-001480-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24741/000120677422001480/corning4070011-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-22-001480
- JSON: https://secwatch.observer/filing/0001206774-22-001480.json
- Plain text: https://secwatch.observer/filing/0001206774-22-001480.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.