Company: ROK
Filing Date: 2025-05-19
Form Type: 8-K
Source: 0001193125-25-122544
Chunk: 1

Company: ROCKWELL AUTOMATION, INC
Filing Date: 2025-05-19
Form: 8-K
Item: Item 2.03
Chunk 1
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Item 2.03.      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

On May 16, 2025, Rockwell Automation, Inc. (the “ Company”) entered into a $500,000,000 senior unsecured364-dayterm loan credit agreement with the Banks listed therein, Bank of America, N. A., as Administrative Agent, U. S. Bank National Association, as Syndication Agent, and The Toronto-Dominion Bank, New York Branch and Wells Fargo Bank, National Association, as Documentation Agents (the “ Agreement”). On May 16, 2025, the Banks advanced loans under the Agreement in the amount of $500,000,000. Borrowings under the Agreement mature on, or at the option of the Company, before, May 15, 2026. The Agreement is in addition to the Company’s existing $1,500,000,000 Five-Year Credit Agreement dated June 29, 2022, which remains outstanding and undrawn.

The proceeds of the borrowings under the Agreement will be used for general corporate purposes.

Borrowings under the Agreement will bear interest at rates equal to, (1) for each base rate loan, the sum of the base rate plus the applicable base rate margin, and (2) for each term SOFR loan, the sum of the term secured overnight funding rate (SOFR) applicable to the interest period plus the applicable term SOFR margin, provided, that, if the term SOFR is less than zero, such rate will be deemed zero. The base rate equals, for any day, the highest of (a) the federal funds rate plus 1/2 of 1%, (b) the Bank of America prime rate, and (c) term SOFR plus 1%; provided, that, if the base rate is less than zero, such rate will be deemed zero. The applicable base rate margin and the applicable term SOFR rate margin will be determined based on the ratings of the Company’s senior unsecured long-term debt securities. The base rate margins for a given credit rating level range from 0.000% to 0.250% as specified for that credit rating level. The term SOFR margins range from 1.000% to 1.250% as specified for that credit rating level.

The Agreement contains, among other things, conditions precedent, covenants, representations and warranties and events of default customary for