Lennox International Secures Amended Credit Agreement, Reducing Revolving Commitments to $1 Billion and Extending Maturity to 2030

Reuters

05-15

Lennox International Secures Amended Credit Agreement, Reducing Revolving Commitments to $1 Billion and Extending Maturity to 2030

Lennox International Inc. has announced an amendment to its existing corporate loan agreement. On May 9, 2025, the company entered into an Amended Credit Agreement with JPMorgan Chase Bank, N.A., and other lenders. The amendment adjusts the company's unsecured revolving credit facility, reducing the total revolving commitments from $1.1 billion to $1 billion. However, it also includes an option for Lennox to increase the commitments by up to $350 million, contingent on certain conditions. Additionally, the amendment extends the maturity date of the revolving commitments from July 2026 to May 2030. This strategic financial adjustment aims to optimize Lennox's credit structure and provide greater flexibility for future operations.

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. Lennox International 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: 0001069202-25-000022), on May 14, 2025, and is solely responsible for the information contained therein.

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On May 9, 2025, the company entered into an Amended Credit Agreement with JPMorgan Chase Bank, N.A., and other lenders. The amendment adjusts the company's unsecured revolving credit facility, reducing the total revolving commitments from $1.1 billion to $1 billion. However, it also includes an option for Lennox to increase the commitments by up to $350 million, contingent on certain conditions. Additionally, the amendment extends the maturity date of the revolving commitments from July 2026 to May 2030. This strategic financial adjustment aims to optimize Lennox's credit structure and provide greater flexibility for future operations.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>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. Lennox International 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: 0001069202-25-000022), on May 14, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250514:nNDL4GYKGv:1","article_id":"2535000289","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2535000289","pubTimestamp":1747252731,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Lennox International Secures Amended Credit Agreement, Reducing Revolving Commitments to $1 Billion and Extending Maturity to 2030. Disclaimer: This news brief was created by Public Technologies  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. 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