Zoetis enters $1.25 billion five-year revolving credit facility, replacing prior facility
Zoetis signed a new five-year, $1.25 billion senior unsecured revolving credit agreement on August 27, 2025, which replaced its existing revolving facility. The company can request an increase in commitments to up to $1.75 billion, subject to conditions, and may prepay borrowings without penalty. The filing describes a leverage ratio covenant and other customary terms, but it does not report any new borrowings or financial results.
Key points
- New $1.25 billion five-year senior unsecured revolving credit facility dated August 27, 2025, with JPMorgan Chase Bank, N.A. as administrative agent
- Commitments can be increased to up to $1.75 billion, subject to certain conditions
- Prior credit agreement dated December 21, 2022, was terminated on August 27, 2025; it was scheduled to expire in December 2027
- Facility includes a maximum total leverage ratio covenant and voluntary prepayment without penalty or premium
The filing
Written by AI on Nov 8, 2026, 1:30 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 August 27, 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.