Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Zoetis Inc. incurred revolving credit of $1.0 billion with JPMorgan Chase Bank, N.A. (as administrative agent) at adjusted term SOFR rate plus an applicable margin maturing five years from the closing date.
- Instrument
- revolving credit
- Principal
- $1.0 billion
- Counterparty
- JPMorgan Chase Bank, N.A. (as administrative agent)
- Rate
- adjusted term SOFR rate plus an applicable margin
- Maturity
- five years from the closing date
- Event
- incurrence
Exact text from the filing
On December 21, 2022, Zoetis Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) with a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents, providing for a five-year $1.0 billion senior unsecured revolving credit facility.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoetis Inc. terminated the Prior Credit Agreement with the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (effective 2022-12-21).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent
- Effective
- 2022-12-21
Exact text from the filing
On December 21, 2022, the Company terminated that certain Credit Agreement dated as of December 21, 2016, among the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, (the “Prior Credit Agreement”) and all commitments to extend further credit thereunder were therefore terminated.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Zoetis Inc. entered into Credit Agreement with a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents valued at $1.0 billion (effective 2022-12-21).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents
- Value
- $1.0 billion
- Effective
- 2022-12-21
Exact text from the filing
On December 21, 2022, Zoetis Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) with a syndicate of banks, JPMorgan Chase Bank, N.A., as administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A. and MUFG Bank, Ltd., as syndication agents, providing for a five-year $1.0 billion senior unsecured revolving credit facility.
View on SEC.gov