Equitable Holdings Inc. has announced the establishment of a new Revolving Credit Agreement, effective July 29, 2025. This agreement, formed with a consortium of banks and JPMorgan Chase Bank, N.A. as the Administrative Agent, involves a $1 billion five-year senior unsecured revolving credit facility. The facility allows for credit extensions to Equitable Holdings up to the specified amount, with the potential for the issuance of letters of credit for subsidiary accounts. Concurrently, the company has terminated its previous $1.5 billion revolving credit agreement, originally initiated in February 2018. This strategic move is part of Equitable Holdings' ongoing efforts to optimize its financial flexibility and resources.
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. Equitable Holdings 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: 0001333986-25-000038), on July 30, 2025, and is solely responsible for the information contained therein.