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Get filing alertsAcuity secures $800M revolving credit facility, replacing 2022 agreement
Filed May 13, 2026 · Period ending May 8, 2026 · ~1 min read
Key Changes
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Acuity entered an $800 million unsecured revolving credit facility maturing May 2031, replacing its prior 2022 credit agreement with JPMorgan Chase as administrative agent.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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The facility requires maintaining a maximum leverage ratio of 3.75x net debt to EBITDA, with temporary flexibility to increase to 4.25x for material acquisitions.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR → -
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Interest rates are based on benchmark rates (Term SOFR, EURIBOR, SONIA, or CORRA) plus a margin that varies with Acuity's leverage ratio or credit rating.
Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
Summary
Acuity has refinanced its credit facility, establishing an $800 million unsecured revolving line that extends its borrowing capacity through May 2031. This replaces the company's 2022 credit agreement and provides five years of committed liquidity for operations, acquisitions, and general corporate purposes. The new facility includes a leverage covenant capping net debt at 3.75 times EBITDA, with room to temporarily increase to 4.25x for significant acquisitions.
Interest costs will fluctuate with benchmark rates and Acuity's credit profile. For retail holders, this is a routine refinancing that maintains financial flexibility while imposing standard covenant discipline. The five-year term and $800 million capacity suggest management expects stable operations with potential for strategic growth investments within the leverage limits.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 30, 2026 · How we verify