Fortune Brands Extends Existing Revolving Credit Agreement
August 03 2022 - 9:00AM
Business Wire
Fortune Brands Home & Security, Inc. (NYSE: FBHS, the
“Company”, or “Fortune Brands”), an industry-leading home and
security products company, today announced that on Aug. 2, 2022,
the Company executed an extension of its existing five-year
revolving credit agreement.
The new agreement extends the Company’s current $1.25 billion
Senior Unsecured Revolving Credit Facility for a five-year term,
dated for maturity on Aug. 2, 2027.
The proceeds from the agreement will be used for general
corporate purposes, and the agreement will continue as a part of
the Company’s capital structure post separation of the Cabinet
business.
JPMorgan Chase Bank, N.A. is the Administrative Agent for the
agreement and Bank of America, N.A. is the Syndication Agent.
About Fortune Brands
Fortune Brands Home & Security, Inc. (NYSE: FBHS),
headquartered in Deerfield, IL., is a Fortune 500 company, part of
the S&P 500 Index and a leader in the home products industry.
With trusted brands and market leadership positions in each of its
three operating segments, Water Innovations, Outdoors &
Security, and Cabinets, Fortune Brands’ 28,000 associates work with
a purpose to fulfill the dreams of home.
The Company’s growing portfolio of complementary businesses and
innovative brands includes Moen and the House of Rohl within Water
Innovations; outdoor living and security products from Therma-Tru,
LARSON, Fiberon, Master Lock and SentrySafe; and MasterBrand
Cabinets’ wide-ranging offerings from MANTRA, Diamond, Omega and
many more. Visit www.FBHS.com to learn more about FBHS, its brands
and how the Company is accelerating its environmental, social and
governance (ESG) commitments.
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version on businesswire.com: https://www.businesswire.com/news/home/20220803005249/en/
INVESTOR CONTACT: Matthew Skelly 847-484-4573
Investor.Questions@fbhs.com
MEDIA CONTACT: Darwin Minnis 847-315-0960
Media.Relations@fbhs.com
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