Fortune Brands Innovations extends $1.25 billion five-year revolving credit agreement to 2031
Fortune Brands Innovations entered a five-year unsecured revolving credit agreement dated January 16, 2026, which amends and restates its August 2, 2022 credit agreement. The $1.25 billion facility matures January 16, 2031 and serves as a liquidity backstop for its commercial paper program. The filing reports no earnings, guidance or borrowings, so the change mainly extends the company's existing credit access.
Key points
- Commitments total $1.25 billion, including up to $50 million for letters of credit, with maturity on January 16, 2031.
- The company may request two one-year maturity extensions and seek up to $750 million in incremental commitments or term loans, subject to conditions.
- Borrowings bear variable rates; term SOFR margins range from 0.80% to 1.30%, based on the company's senior unsecured debt ratings.
- Covenants require minimum EBITDA to interest expense of 3.0 to 1.0 and total net debt to EBITDA of no more than 3.5 to 1.0.
The filing
Written by AI on Nov 8, 2026, 1:05 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 January 20, 2026.
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.