Church & Dwight said it entered into a Credit Agreement on July 17, 2025. The company said aggregate lender commitments under the agreement, as of the effective date, total $2.0 billion, with an option to increase them to $2.75 billion under its terms.

1. 01

   Church & Dwight said it entered into a Credit Agreement on July 17, 2025. The company said aggregate lender commitments under the agreement, as of the effective date, total $2.0 billion, with an option to increase them to $2.75 billion under its terms.

2. 02

   The company said the new Credit Agreement replaces its existing $1.5 billion unsecured revolving credit facility entered into on June 16, 2022. It also disclosed that it terminated the 2022 Credit Agreement and fully repaid all amounts outstanding under it.

3. 03

   The company said the revolving credit facility matures on July 17, 2030, unless extended. Applicable margins depend on its corporate credit rating: 0.6250% to 1.125% for loans bearing interest by reference to Term SOFR and other benchmark rates, and 0% to 0.125% for loans bearing interest at the Base Rate. Its commitment fee ranges from 0.050% to 0.100% per annum.

4. 04

   The company said the Credit Agreement has one financial covenant, requiring it to maintain an interest coverage ratio of Consolidated EBITDA to Interest Expense of no less than 3.75 to 1.00.

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