Church & Dwight Co. Inc. Secures New $2 Billion Revolving Credit Facility, Replacing Previous $1.5 Billion Agreement
Church & Dwight Co., Inc. has entered into a new Credit Agreement, effective July 17, 2025, that establishes a revolving credit facility with an aggregate commitment of $2.0 billion, with the option to increase this to $2.75 billion. This agreement involves multiple financial institutions, including Bank of America, N.A., Wells Fargo Bank, and Truist Bank, serving various roles such as administrative and syndication agents. The new facility replaces a prior $1.5 billion unsecured revolving credit facility established in June 2022, which has been fully repaid and terminated. The facility is set to mature on July 17, 2030, and includes customary covenants and an interest coverage ratio requirement. This strategic financial arrangement aims to enhance the company's liquidity and financial flexibility.
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. Church & Dwight Co. 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: 0001193125-25-161241), on July 18, 2025, and is solely responsible for the information contained therein.
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