Fortune Brands extends $1.25 billion revolver by five years to 2027

By Marisa Wong

Los Angeles, Aug. 3 – Fortune Brands Home & Security, Inc. announced it executed an extension of its existing five-year revolving credit agreement.

The new agreement extends the company’s current $1.25 billion senior unsecured revolver for a five-year term, now maturing Aug. 2, 2027, according to a press release.

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 its cabinet business.

JPMorgan Chase Bank, NA is the administrative agent, and Bank of America, NA is the syndication agent.

Fortune Brands is a home and security products company based in Deerfield, Ill.

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