H.B. Fuller Amends Credit Agreement, Extends Loans to 2031

What Happened
H.B. Fuller Company (FUL) announced on July 17, 2026 that it entered into Amendment No. 3 to its Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment refinanced the company’s term A and revolving loans, increased the revolving commitment, extended the maturity date to July 17, 2031, and reduced interest rate margins on the term A and revolver by 25 basis points.

Key Details

• Term A loans were refinanced as “2026 Amendment Term A Loans” with a principal amount of $420,000,000.
• Revolving loans were refinanced as “2026 Amendment Revolving Loans” for $700,000,000, and certain lenders increased commitments by $100,000,000, raising the total revolver to $800,000,000.
• Maturity date for the amended Term A and Revolving Loans: July 17, 2031.
• Interest rate margins on the Amended Term A and Revolving Loans were reduced by 0.25% per year; rates and fees for the term B facility remain unchanged.
• In connection with this amendment, the Secured Bridge Credit Agreement (dated June 25, 2026) was terminated with no amounts outstanding, no prepayment premium, and all fees paid.

Why It Matters
The amendment secures H.B. Fuller’s near‑ to mid‑term financing by extending loan maturities and increasing revolving availability to $800M, which supports liquidity and working capital flexibility. A 25 basis‑point reduction in margins modestly lowers borrowing costs on the term A and revolver. The termination of the short‑term bridge facility (with no outstanding balance) simplifies the company’s debt structure. Investors should view this as a financing update that affects the company’s debt profile and liquidity but does not report operational results.