Zoetis Inc. has entered into a new revolving credit agreement with a syndicate of banks, including JPMorgan Chase Bank, N.A., as the administrative agent, and Barclays Bank PLC, Bank of America, N.A., Citibank, N.A., and MUFG Bank, Ltd., as syndication agents. Announced on August 27, 2025, the agreement provides Zoetis with a five-year $1.25 billion senior unsecured revolving credit facility, replacing the company's previous facility. The agreement allows for the increase of commitments up to $1.75 billion, subject to certain conditions. This facility will bear interest at either a base rate or a term SOFR rate plus an applicable margin, with a facility fee applied to commitments. The agreement also includes a financial covenant to maintain a maximum total leverage ratio and contains standard affirmative and negative covenants. Simultaneously, Zoetis terminated its prior credit agreement dated December 21, 2022, which was set to expire in December 2027.