Textron Secures New $1 Billion Revolving Credit Facility with JPMorgan Chase and Lenders
Textron Inc. has entered into a new senior unsecured revolving credit facility agreement with a group of lenders and JPMorgan Chase Bank, N.A. as Administrative Agent, securing an aggregate principal amount of $1.0 billion. The agreement, effective October 16, 2025, allows Textron to increase the total commitments to up to $1.3 billion by adding new lenders or increasing commitments from existing ones. The facility replaces a previous $1.0 billion, five-year facility scheduled to expire in 2027 and now extends through October 16, 2030, with the option for up to two one-year extensions, subject to lender approval. Interest rates and facility fees under the new agreement are tied to Textron's credit ratings, and up to $100 million is available for letters of credit. The terms of the new facility are substantially similar to those of the prior agreement.
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