Credit agreement
Signed Jul 31, 2026
- Committed
- $7bn
- Matures
- Jul 2031
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Tranche One Revolving Commitments | $355m | Jul 2031 | 70–110 bps |
| Tranche Two Revolving Commitments | $6.64bn | Jul 2031 | 70–110 bps |
Priced over Term SOFR (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Category 1 | A/A2/A or higher | 70 bps | 6 bps |
| Level Category 2 | A-/A3/A- | 81 bps | 7 bps |
| Level Category 3 | BBB+/Baa1/BBB+ | 92 bps | 8 bps |
| Level Category 4 | BBB/Baa2/BBB | 103 bps | 10 bps |
| Level Category 5 | Lower than BBB/Baa2/BBB | 110 bps | 15 bps |
§1.01
Lenders: JPMorgan Chase Bank, N.A., BOFA Securities, Inc., BNP Paribas Securities Corp., Citibank, N.A., Societe Generale, Wells Fargo Securities, LLC