Carlisle obtains amended, restated $1 billion five-year revolver

By Sarah Lizee

Olympia, Wash., Feb. 7 – Carlisle Cos. Inc. and Carlisle, LLC amended and restated their credit agreement with JPMorgan Chase Bank, NA as administrative agent on Wednesday, providing for a $1 billion unsecured revolver due Feb. 5, 2025, according to an 8-K filing with the Securities and Exchange Commission.

JPMorgan, Wells Fargo Securities, LLC, BofA Securities, Inc. and SunTrust Robinson Humphrey, Inc. are the joint lead arrangers and joint bookrunners. Wells Fargo Bank, NA, Bank of America, NA, Truist Bank and TD Bank, NA are the co-syndication agents. Mizuho Bank, Ltd. is the co-documentation agent.

The amended revolver replaces the previous one that was set to mature on Feb. 21, 2022.

Pricing is Libor plus 82.5 basis points to 150 bps, based on ratings.

The facility contains a maximum leverage ratio covenant, minimum interest coverage ratio covenant and limits on outstanding debt balances held by some subsidiaries.

The diversified manufacturer is based in Scottsdale, Ariz.

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