EMERSON ELECTRIC CO 8-K

What Happened
Emerson Electric Co. filed an 8-K on Feb 13, 2026, disclosing that on February 10, 2026 it entered into a $2 billion 364-Day Credit Agreement with JPMorgan Chase Bank, N.A. as agent and Bank of America, Citibank and Goldman Sachs as syndication agents. The facility is unsecured, dated Feb 10, 2026, and expires February 9, 2027. Emerson has not drawn on the facility (no outstanding loans or letters of credit) and says it has no current intention to borrow under it.

Key Details

• Size & term: $2.0 billion commitment, 364-day maturity (expires Feb 9, 2027).
• Purpose: Supports general corporate purposes, including as a liquidity back-up for Emerson’s commercial paper program.
• Usage & status: No outstanding borrowings or letters of credit; Emerson has not previously borrowed under similar facilities and does not currently intend to borrow.
• Structure: Unsecured facility with various interest-rate options; company may add eligible subsidiaries as borrowers and has guaranteed subsidiary obligations if they become borrowers. Credit agreement filed as Exhibit 10.1.

Why It Matters
The new credit facility provides a near-term liquidity backstop for Emerson’s commercial paper and other short-term needs, helping ensure access to funding without immediate borrowing. It replaces a prior $3 billion 364-day facility that expired by its terms. For investors, this is a credit-availability update rather than a change to cash or debt outstanding today — there are no draws currently, but the agreement preserves flexibility to access up to $2 billion through February 2027.