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3M enters USD 1.63 billion credit agreement to fund Madison Safety & Flow deal

PUBT·05/06/2026 12:06:22
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3M enters USD 1.63 billion credit agreement to fund Madison Safety & Flow deal
  • 3M entered credit agreement dated April 30, 2026 for indirect subsidiary Fire Safety Platform Holdco, providing USD 1.43 billion term loan facility, USD 200 million revolving credit facility.
  • Facilities available from closing date, mature 364 days later; borrower can request extension up to 12 months, subject to conditions and extension fee.
  • Financing intended to fund acquisition of Madison Safety & Flow Holdings and subsidiaries from Madison Industries.
  • 3M provides unconditional guarantee; obligations rank as senior unsecured liabilities.
  • Borrowings priced at Term SOFR plus 0.875% or base rate with 0% margin; agreement includes minimum EBITDA-to-interest ratio covenant of 3.0x.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 3M Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000066740-26-000188), on May 06, 2026, and is solely responsible for the information contained therein.