Textron Secures New $1 Billion Revolving Credit Facility with JPMorgan Chase and Lenders

Reuters
2025/10/21
Textron Secures New $1 Billion Revolving Credit Facility with JPMorgan Chase and Lenders

Textron Inc. has entered into a new senior unsecured revolving credit facility agreement with a group of lenders and JPMorgan Chase Bank, N.A. as Administrative Agent, securing an aggregate principal amount of $1.0 billion. The agreement, effective October 16, 2025, allows Textron to increase the total commitments to up to $1.3 billion by adding new lenders or increasing commitments from existing ones. The facility replaces a previous $1.0 billion, five-year facility scheduled to expire in 2027 and now extends through October 16, 2030, with the option for up to two one-year extensions, subject to lender approval. Interest rates and facility fees under the new agreement are tied to Textron's credit ratings, and up to $100 million is available for letters of credit. The terms of the new facility are substantially similar to those of the prior agreement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Textron Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-100886), on October 20, 2025, and is solely responsible for the information contained therein.

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