Fortune Brands Home & Security adds $500 million incremental loan

By Marisa Wong

Los Angeles, March 18 – Fortune Brands Home & Security, Inc. entered into a second amendment and incremental agreement on March 18 to its 364-day unsecured term loan credit agreement dated Nov. 29, 2021 with JPMorgan Chase Bank, NA as administrative agent, according to an 8-K filing with the Securities and Exchange Commission.

Under the amendment, the company will be able to borrow an incremental term loan totaling $500 million.

Except for the incremental amount, the terms and conditions of the credit agreement were not changed.

The Deerfield, Ill., company creates products and services for homeowners, including entry door systems, windows, faucets and locks.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.