---
schema_version: "secwatch.filing_event.v1"
accession: "0001206774-25-000489"
form_type: "8-K"
ticker: "GLW"
cik: "0000024741"
company_name: "CORNING INC /NY"
filed_at: "2025-07-30T23:59:59+00:00"
generated_at: "2026-05-17T23:16:25.779875+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001206774-25-000489
- form_type: 8-K
- ticker: GLW
- cik: 0000024741
- company_name: CORNING INC /NY
- filed_at: 2025-07-30T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/24741/000120677425000489/0001206774-25-000489-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/24741/000120677425000489/glw4514861-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001206774-25-000489
- JSON: https://secwatch.observer/filing/0001206774-25-000489.json
- Plain text: https://secwatch.observer/filing/0001206774-25-000489.txt

## Key facts
- Debt Financings
  CORNING INC /NY incurred credit facility of $1,500,000,000 commitment amount, increaseable by up to $500,000,000 with Lenders party thereto and JPMorgan Chase Bank, N.A. as administrative agent at Term SOFR plus margin ranging from 0.690% to 1.125% or base rate plus margin ran maturing July 28, 2030, extendable by up to two additional one-year periods.
  - Instrument: credit facility
  - Principal: $1,500,000,000 commitment amount, increaseable by up to $500,000,000
  - Counterparty: Lenders party thereto and JPMorgan Chase Bank, N.A. as administrative agent
  - Rate: Term SOFR plus margin ranging from 0.690% to 1.125% or base rate plus margin ran
  - Maturity: July 28, 2030, extendable by up to two additional one-year periods
  - Event: incurrence
  source text: Under the Credit Agreement, borrowings are available in dollars, sterling, yen and euros to Corning and any direct or indirect wholly-owned subsidiary of Corning in a maximum amount outstanding at any one time of $1,500,000,000 (the “Commitment Amount”). The Commitment Amount may be increased over the term by up to $500,000,000 subject to existing or new lenders committing to fund such increase. The rate of interest payable under the Credit Agreement, at Corning’s option, is equal to Term SOFR (or the Adjusted EURIBO Rate with respect to euro denominated advances, the Adjusted TIBO Rate in the case of yen denominated advances or the Adjusted Daily Simple SONIA Rate in the case of sterling denominated advances), or, with the Company’s consent, an alternate rate of interest should any of the foregoing rates cease to be available, plus a margin ranging from 0.690% to 1.125% or a base rate plus a margin ranging from 0.000% to 0.125%. The actual margin is adjustable based upon the debt rati
  evidence_url: https://www.sec.gov/Archives/edgar/data/24741/000120677425000489/0001206774-25-000489-index.htm

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