MLI · Mueller Industries, Inc.

Summary

Mueller Industries, Inc. entered into a new unsecured $100 million revolving credit agreement with Bank of America, N.A., replacing its prior 2021 facility and maturing in 2031.

Key takeaways

• Entered $100M unsecured revolving credit facility maturing March 27, 2031.
• Replaces prior credit agreement dated March 31, 2021.
• Sublimits: $50M letters of credit, $35M foreign currencies, $25M swing line.
• Interest: Benchmark Rate + 112.5-162.5 bps or Base Rate + 12.5-62.5 bps.
• Commitment fee: 15-30 bps on unused commitments.
• Guaranteed by certain domestic wholly-owned subsidiaries.