Company: CHD
Filing Date: 2025-07-18
Form Type: 8-K
Source: 0001193125-25-161241
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Company: CHURCH & DWIGHT CO INC /DE/
Filing Date: 2025-07-18
Form: 8-K
Item: Item 1.01
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ITEM 1.01.      Entry into a Material Definitive Agreement.  

Revolving Credit Facility

On July 17, 2025, Church & Dwight Co., Inc. (the “ Company”) entered into a Credit Agreement (the “ Credit Agreement”) among the Company, the initial lenders named therein, Bank of America, N. A., as lead administrative agent, Wells Fargo Bank, National Association, as co-administrativeagent and syndication agent, and Truist Bank, as syndication agent. The Credit Agreement replaced the Company’s prior $1.5 billion unsecured revolving credit facility that was entered into on June 16, 2022. The aggregate commitments of the lenders under the Credit Agreement, as of the effective date, are $2.0 billion, with an option to increase such commitments to $2.75 billion pursuant to the terms therein. The revolving credit facility matures on July 17, 2030, unless extended. Capitalized terms used in this Item 1.01 and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement.

Interest on the Company’s borrowings under the Credit Agreement will accrue at a per annum rate equal to the sum of (x) either (at the Company’s option) (i) the Benchmark Rate, which is, (A) for loans denominated in U. S. Dollars, Term SOFR, (B) for loans denominated in Canadian Dollars, Term CORRA, (C) for loans denominated in Euro, SONIA, (D) for loans denominated in Sterling, EURIBOR and (E) for loans denominated in Yen, TIBOR, in each case with an interest period selected by the Company, as applicable, or (ii) the Base Rate (generally equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) Bank of America’s “prime rate,” (c) Term SOFR plus 1.00% and (d) 0.00%), plus (y) the applicable margin. The applicable margin is determined based upon the corporate credit rating of the Company and ranges from 0.6250% to 1.125% per annum (in the case of any borrowing bearing interest by reference to Term SOFR, Term CORRA, SONIA, EURIBOR or TIBOR) and 0% to 0.125% (in the case of any borrowing bearing interest by