Corning enters new $1.5B revolving credit facility replacing prior agreement

CORNING INC /NY

New $1.5B multi-currency credit agreement dated July 28, 2025, maturing July 28, 2030; can be extended twice by one year each.
Interest margins range from 0.690% to 1.125% for SONIA/Term Benchmark advances based on public debt ratings.
Financial covenant requires consolidated debt to total capital ratio no greater than 0.60:1.00.
No amounts were outstanding under the prior facility or at inception of the new facility.
Facility can be increased by up to $500M with consent of new or existing lenders.

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