Cintas said on March 27, 2026 that its subsidiary Cintas Corporation No. 2 entered into a $2.0 billion revolving credit facility Credit Agreement with KeyBank National Association as Administrative Agent.

1. 01

   Cintas said on March 27, 2026 that its subsidiary Cintas Corporation No. 2 entered into a $2.0 billion revolving credit facility Credit Agreement with KeyBank National Association as Administrative Agent.

2. 02

   The company said the credit facility includes a letter of credit sub-facility of up to $300.0 million and a swing line sub-facility of up to $150.0 million, with the ability to request increases in revolving commitments or new term loan facilities of up to $1.0 billion in the aggregate.

3. 03

   Cintas said the credit facility matures on March 27, 2031, bears interest at Term SOFR plus a margin of 70 basis points to 114 basis points, and requires the company to maintain a leverage ratio of consolidated indebtedness to consolidated EBITDA of 3.50 to 1.00.

4. 04

   The company said Cintas No. 2 terminated all commitments and repaid all obligations under its existing Third Amended and Restated Credit Agreement as of March 23, 2022 on 3 27, 2026.

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