Emerson Electric signs $3 billion 364-day credit facility, no borrowings drawn
Emerson entered a $3 billion 364-day credit agreement on February 11, 2025, with JPMorgan Chase as agent, to back its commercial paper and support a planned tender offer for Aspen Technologies shares. The company says it has no outstanding loans under the facility and no current plan to borrow, and it separately reported a shareholder-approved amendment reducing supermajority voting requirements for preferred stock terms.
Key points
- $3 billion 364-day credit facility dated February 11, 2025, expires February 10, 2026
- No outstanding loans or letters of credit under the facility; no borrowings under this or prior similar facilities
- Facility serves as liquidity back-up for commercial paper, which will be expanded to help finance the planned Aspen Technologies tender offer
- Shareholders approved amendment to Restated Articles of Incorporation on February 4, 2025; effective February 10, 2025
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 14, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.