LENNOX INTERNATIONAL INC (LII): debt financing — Lennox International increases revolving credit facility by $350M to $1.1B

LENNOX INTERNATIONAL INC

Revolver capacity raised from $750M to $1.1B (increase of $350M) under Second Amendment dated Aug 25, 2023.
Maturity unchanged at July 14, 2026; no changes to interest rates, covenants, or events of default.
Borrowing conditions relaxed to allow easier future financings, including a potential commercial paper program.
11 incremental lenders committed the $350M, led by JPMorgan, Bank of America, Wells Fargo, and U.S. Bank.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

LENNOX INTERNATIONAL INC amended credit facility of $350 million with JPMorgan Chase Bank, N.A., as administrative agent maturing July 14, 2026.

Instrument: credit facility
Principal: $350 million
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: July 14, 2026
Event: amendment

Exact text from the filing

the revolving commitments under the Credit Agreement were increased by $350 million to $1.1 billion

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LENNOX INTERNATIONAL INC amended Second Amendment with JPMorgan Chase Bank, N.A. valued at $350 million (effective 2023-08-25).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A.
Value: $350 million
Effective: 2023-08-25

Exact text from the filing

On August 25, 2023, Lennox International Inc. (the “Company”) entered into the Second Amendment (the “Second Amendment”) to the Credit Agreement, dated as of July 14, 2021 (as amended, the “Credit Agreement”), among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders listed in the Second Amendment. Under the Second Amendment, (i) the revolving commitments under the Credit Agreement were increased by $350 million to $1.1 billion

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102 debt financings filed in the last 30 days. Browse all debt financings →

LENNOX INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001628280-23-030777

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