Masco said it entered into an unsecured revolving credit agreement on March 20, 2026 with Masco Europe S.à r.l. as co-borrower, with JPMorgan Chase Bank, N.A. and J.P. Morgan SE as administrative agent, in the amount of U.S. $1 billion.

1. 01

   Masco said it entered into an unsecured revolving credit agreement on March 20, 2026 with Masco Europe S.à r.l. as co-borrower, with JPMorgan Chase Bank, N.A. and J.P. Morgan SE as administrative agent, in the amount of U.S. $1 billion.

2. 02

   The company said the new agreement refinanced and fully replaced its prior credit agreement dated as of April April 26, 2022, which had revolving commitments of U.S. $1 billion, and that the prior agreement was terminated in full. It said the initial revolving borrowings under the new agreement were used on March 20 to repay all outstanding revolving loans under the prior agreement and to pay related fees and expenses.

3. 03

   Masco said the new agreement is available in multiple currencies, including U.S. dollars and euros, with a foreign currency sublimit of U.S. $500 million equivalent and letters of credit of up to U.S. $25 million. It said the company may request an increase in total commitments of up to U.S. $500 million. Interest rates are set by adding a margin tied to the company's corporate credit ratings to a benchmark rate.

4. 04

   The company said it must maintain, as of the last day of each fiscal quarter, a maximum ratio of total net consolidated debt to Consolidated EBITDA of 4.00 to 1.00 or less, and a minimum ratio of Consolidated EBITDA to consolidated interest expense of 2.50 to 1.00 or more. The agreement matures on March 20, 2031. At the company's request, it may be extended up to two times, each for 1 year, subject to conditions including the consent of lenders holding a majority of commitments.

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