Corning Enters New $1.5B Credit Agreement

Details

The new agreement provides for borrowings up to $1.5 billion, with potential to increase by up to $500 million, and terminates on July 28, 2030, extendable upon request and lender consent. The agreement includes customary financial and operational covenants.

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About Corning Inc.

Corning Inc. is a leading manufacturer specializing in specialty glass, ceramics, and related materials. With a legacy dating back to 1851, Corning's primary function is to innovate and produce materials that enhance high-technology systems. Notably, Corning is a dominant player in industries such as telecommunications, where it provides optical fiber and cable solutions vital for data networks. In the display technologies sector, Corning’s glass substrates are crucial components in LCD screens used in smartphones, computers, and televisions. The company also makes significant contributions to life sciences, providing lab products that aid in drug discovery and diagnostics. Headquartered in Corning, New York, this company is instrumental in shaping technological advancements across multiple sectors, complemented by its commitment to research and development. Corning’s materials are integral to technological infrastructure, influencing advancements in consumer electronics, telecommunications, and beyond, demonstrating its pivotal role in the global market.