Lear extends $2.0 billion revolving credit facility to July 24, 2030
Lear Corporation entered into a second amended and restated credit agreement on July 24, 2025, extending the maturity of its $2.0 billion unsecured revolving credit facility to July 24, 2030. The company said it was in compliance with all covenants as of July 24, 2025, and the filing describes a facility fee of 0.075% to 0.20% of the total committed amount, payable quarterly.
Key points
- Revolving credit facility of $2.0 billion extended to July 24, 2030
- Advances bear interest based on Term Benchmark, Central Bank Rate or RFR, with rates of 1.125% for these loans as of June 28, 2025, and ABR/Canadian Prime Rate loans at 0.125%
- Facility fee ranges from 0.075% to 0.20% of the total committed amount, payable quarterly
- JPMorgan Chase Bank, N.A. serves as administrative agent
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits 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 July 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.