Summary
Emerson Electric Co. (EMR) has entered into a new $2 billion 364-Day Credit Facility, dated February 10, 2026, with a syndicate of major banks, including JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., and Goldman Sachs Bank USA. This unsecured facility, which expires on February 9, 2027, replaces a similar $3 billion facility that expired. Importantly, the company currently has no outstanding loans or letters of credit under this new facility and has no immediate intention to draw on it. The facility is intended to support general corporate purposes and serve as a liquidity backstop for the company's commercial paper borrowings, indicating a proactive approach to financial flexibility.
Key Highlights
- 1Emerson Electric Co. (EMR) secured a new $2 billion unsecured 364-Day Credit Facility.
- 2The facility is effective February 10, 2026, and expires on February 9, 2027.
- 3The new credit facility replaces a prior $3 billion 364-Day Credit Agreement that has expired.
- 4There are currently no outstanding loans or letters of credit drawn under the new facility.
- 5The company has no current intention to utilize the credit facility for borrowings.
- 6The facility's primary purpose is to support general corporate needs and act as a liquidity backstop for commercial paper.
- 7Emerson guarantees obligations of any subsidiary designated as a borrower under the facility.