Northrop Grumman Secures $3 Billion Revolving Credit Facility to Support Commercial Paper Program and Corporate Growth
Northrop Grumman Corporation has entered into a new financing agreement on September 2, 2025, establishing a five-year senior unsecured revolving credit facility valued at $3 billion. This new agreement, made with several lenders and JPMorgan Chase Bank, N.A. as the administrative agent, replaces the previous $2.5 billion facility established in August 2022. The facility is designed to support Northrop Grumman's commercial paper program and other general corporate purposes. The agreement includes customary terms, conditions, and covenants, such as restrictions on asset sales, mergers, and incurring liens, as well as maintaining a consolidated debt-to-capitalization ratio not exceeding 65 percent. The agreement also outlines standard events of default to manage financial risks.
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