Leggett & Platt Inc. has announced an amendment to its existing corporate financing agreement, enhancing its financial structure and extending its borrowing capabilities. On July 24, 2025, the company entered into an Amendment Agreement with JPMorgan Chase Bank, N.A., and other lenders, transitioning the Fourth Amended and Restated Credit Agreement into the Fifth Amended and Restated Credit Agreement. This amendment reduces the lender's revolving commitments from $1.2 billion to $1.0 billion and extends the maturity date to July 24, 2030. Additionally, the borrowing capacity under the company's commercial paper program has been decreased from $1.2 billion to $1.0 billion. The agreement also reinstates the company's ability to borrow Canadian dollars and adjusts the "accordion feature" for increased borrowing capacity to up to $500 million. These strategic changes aim to optimize Leggett & Platt's financial flexibility and enhance its marketability.
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