3M Company Enters into $1.63 Billion Credit Agreement for Acquisition Financing

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entered into a credit agreement with Morgan Stanley Senior Funding, Inc. and other financial institutions. The agreement provides for a $1.43 billion term loan facility and a $200 million revolving credit facility to finance the acquisition of Madison Safety & Flow Holdings LLC. The Company has agreed to unconditionally guarantee the liabilities of the Borrower under the Facilities. The loans bear interest at a rate based on the Term SOFR Rate or the Base Rate, with customary financial covenants.

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About 3M Company

3M Company, often recognized for its innovative approach, is a diversified technology corporation that caters to various consumer and industrial needs across the globe. With a robust presence in multiple sectors, 3M's primary function is the development, manufacturing, and marketing of a wide array of products essential in industries such as safety and industrial, transportation and electronics, health care, and consumer goods. The company is particularly noted for products like adhesives, abrasives, personal protective equipment, medical devices, and consumer goods like Post-it Notes and Scotch Tape. As a significant player in the industrial sector, 3M impacts daily lives by enhancing the comfort and efficiency of households and workplaces. Headquartered in St. Paul, Minnesota, and founded in 1902, 3M’s commitment to innovation and research and development continues to strengthen its position in global markets, influencing everyday products and solutions.