Church & Dwight Co., Inc. has entered into a new Credit Agreement, effective July 17, 2025, that establishes a revolving credit facility with an aggregate commitment of $2.0 billion, with the option to increase this to $2.75 billion. This agreement involves multiple financial institutions, including Bank of America, N.A., Wells Fargo Bank, and Truist Bank, serving various roles such as administrative and syndication agents. The new facility replaces a prior $1.5 billion unsecured revolving credit facility established in June 2022, which has been fully repaid and terminated. The facility is set to mature on July 17, 2030, and includes customary covenants and an interest coverage ratio requirement. This strategic financial arrangement aims to enhance the company's liquidity and financial flexibility.
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