Form 8-K · Current report
3M 8-K, filed Aug 19, 2026
- Filed
- CIK
- 0000066740
- Accession no.
- 0000066740-26-000268
Summary
3M Company entered a new $4.25 billion unsecured five-year revolving credit facility on August 17, 2026 with JPMorgan Chase Bank as administrative agent, replacing its May 2023 credit agreement of the same size, whose commitments were terminated the same day. The lenders are financial institutions party to the agreement, some of which provide or may seek to provide financial services to 3M.
Key points
- 3M may request increases of the aggregate commitments in $25 million increments up to a $5.25 billion total, and extensions of the facility's term by up to two additional one-year periods, each at the lenders' discretion.
- Advances accrue interest at the Base Rate, Term SOFR (for dollar advances), or the EURIBO Rate (for euro advances) plus an applicable margin of 0.625% to 1.125% for SOFR/EURIBO advances and up to 0.125% for Base Rate advances, set by 3M's credit rating.
- Unused commitments carry a quarterly commitment fee of 0.05% to 0.11% per annum, also rating-based.
- The agreement requires 3M to keep an EBITDA-to-interest ratio of at least 3.0 to 1.0, restricts liens and certain mergers, and lets lenders demand prepayment and terminate commitments on 30 days' notice after a change of control.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
From the filing
Item 1.01. Entry Into a Material Definitive Agreement On August 17, 2026 (the “Effective Date”), 3M Company (the “Company”) entered into a new credit agreement (the “Credit Agreement”) with JPMorgan Chase Bank, N.A., as administrative agent; certain subsidiaries of the Company from time to time party thereto, as subsidiary borrowers (together with the Company, the “Borrowers”); and certain financial institutions as lenders. …
An excerpt of the text as filed with the SEC, cut for length.
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