Eaton Corporation Secures New $3 Billion Revolving Credit Agreement, Replacing Previous Facility and Expanding Borrowing Capacity
**Eaton Corporation Secures New $3 Billion Revolving Credit Facility** DUBLIN, Sept. 29, 2025 - Eaton Corporation plc announced it has entered into a new $3 billion, five-year revolving credit agreement with a syndicate of banks led by Citibank, N.A., which serves as administrative agent. The agreement, effective September 29, 2025, replaces the company's previous revolving credit facility dated October 3, 2022. Under the new terms, Eaton can request a one-year extension of the maturity date, subject to lender approval. The facility also includes a quarterly fee tied to Eaton's credit rating, ranging from 5 to 12.5 basis points. As part of this transaction, Eaton has also terminated its previous 5-year credit facility and a $500 million 364-day facility. The new agreement provides enhanced administrative convenience and flexibility for the company.
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