debt
confidence high
sentiment neutral
materiality 0.50
Corebridge enters new $3B revolver maturing 2030, replacing 2022 facility
Corebridge Financial, Inc.
- New $3,000,000,000 revolving credit facility matures March 26, 2030.
- Facility is unsecured and replaces the prior $3B revolver scheduled to mature in 2027.
- Proceeds will repay the 2022 credit agreement and fund working capital and general corporate purposes.
- Interest rate options include ABR, Term SOFR, EURIBOR, SONIA, and TIBOR plus applicable margins.
- Covenants include minimum consolidated net worth and total debt ratios.