Eaton Increases Existing Revolving Credit Agreement, Enters Term Credit Agreement

By Kelly Cloonan

Eaton boosted its existing revolving credit agreement and entered a new term credit agreement.

The Dublin power-management company raised its commitments under its revolving credit agreement to $4 billion from $3 billion, according to a Friday filing with the Securities and Exchange Commission.

The initial agreement was previously disclosed in September.

Eaton also entered an agreement that provides for a senior unsecured delayed draw term loan facility of up to $8 billion with a maturity date of Dec. 31.

The loans are available in a single draw on the closing date.

Write to Kelly Cloonan at [e-mail]

(END) Dow Jones Newswires

02-06-26 1722ET