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Emerson Electric logoEmerson Electric EMR

Emerson said on February 11, 2025 that it entered into a $3 billion 364-Day Credit Agreement with JPMorgan Chase Bank, N.A. as agent. The facility expires on February 10, 2026.

8-KEntry into a Material Definitive AgreementFiled Period of report Summary published (UTC)

Key points

AI summary
  1. Emerson said on February 11, 2025 that it entered into a $3 billion 364-Day Credit Agreement with JPMorgan Chase Bank, N.A. as agent. The facility expires on February 10, 2026.

  2. The company said it has no outstanding loans or letters of credit under this facility and has not borrowed under this or any prior similar facility. The company said the facility supports general corporate purposes, including as a liquidity back-up for its commercial paper borrowings.

  3. The company said its commercial paper borrowings will be expanded in connection with the anticipated financing of its tender offer to acquire all outstanding Aspen Technologies, Inc. common stock it does not already own.

  4. Emerson Electric said shareholders approved, at the Annual Meeting held on February 4, 2025, an amendment to its Restated Articles of Incorporation that reduces the supermajority voting requirements for amendments to the terms of any series of preferred stock. The amendment was filed with the Missouri Secretary of State on February 10, 2025 and became effective the same day.

Summary

AI-written

Analysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

$3 billion 364-Day Credit Facility Entered Into

Emerson said on February 11, 2025 that it entered into a $3 billion 364-Day Credit Agreement with JPMorgan Chase Bank, N.A. as agent. The facility expires on February 10, 2026.

Source · Based on the filing body and exhibits

No Borrowings and Commercial Paper Liquidity Support

The company said it has no outstanding loans or letters of credit under this facility and has not borrowed under this or any prior similar facility. The company said the facility supports general corporate purposes, including as a liquidity back-up for its commercial paper borrowings.

Source · Based on the filing body and exhibits

Funding Related to Aspen Technologies Tender Offer

The company said its commercial paper borrowings will be expanded in connection with the anticipated financing of its tender offer to acquire all outstanding Aspen Technologies, Inc. common stock it does not already own.

Source · Based on the filing body and exhibits

Articles Amendment Takes Effect

Emerson Electric said shareholders approved, at the Annual Meeting held on February 4, 2025, an amendment to its Restated Articles of Incorporation that reduces the supermajority voting requirements for amendments to the terms of any series of preferred stock. The amendment was filed with the Missouri Secretary of State on February 10, 2025 and became effective the same day.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.