Company: CHD
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001193125-25-161241
Chunk: 1

Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-07-18
Form: 8-K
Item: Item 1.01
Chunk 1
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 reference to the Base Rate). In addition, the Company will bear certain customary fees, including a commitment fee determined based upon the corporate credit rating of the Company and ranges from 0.050% to 0.100% per annum, and fees for letters of credit issued under the Credit Agreement determined based upon the corporate credit rating of the Company and ranges from 0.750% to 1.375% per annum.

The Credit Agreement contains customary affirmative and negative covenants, including restrictions on the following: liens, subsidiary indebtedness, fundamental changes, asset dispositions, changes in the nature of the business and use of proceeds.

The Credit Agreement has one financial covenant that requires the Company to maintain an interest coverage ratio, defined as the ratio of its Consolidated EBITDA to Interest Expense, at a level no less than 3.75 to 1.00.

The Credit Agreement also contains customary events of default, including failure to make certain payments under the Credit Agreement when due, breach of covenants, materially incorrect representations and warranties, cross-default, insolvency events, material adverse judgments, certain events relating to pension plans, invalidity of loan documents and the occurrence of any change in control with respect to the Company.

Certain parties to the Credit Agreement, and affiliates of those parties, provide banking, investment banking and other financial services to the Company from time to time. The foregoing summary of the Credit Agreement is qualified in all respects by reference to the full text of the Credit Agreement, a copy of which is filed as Exhibit 10.1 to this report.

  ITEM 1.02.      Termination of a Material Definitive Agreement.  

On July 17, 2025, in connection with its entry into the Credit Agreement described in Item 1.01 of this report, the Company terminated its Credit Agreement dated as of June 16, 2022, among the Company, the initial lenders named therein, Bank of America, N. A., as lead administrative agent, and the other parties thereto (the “2022 Credit Agreement”). The 2022 Credit Agreement provided for a $1.5 billion unsecured revolving credit facility. In connection with the termination of the 2022 Credit Agreement, the Company fully repaid all amounts outstanding thereunder.

  ITEM 2.03      Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement.  

The information contained in Item 1.01 of this current report on Form8-Kis