Campbell's Co extends $1.85B credit line
Campbell’s extends the maturity of its existing $1.85 billion revolving credit facility by one year to April 16, 2031.
Rhea-AI Filing Summary
CAMPBELL'S Co (CPB) entered into an Extension Agreement on September 16, 2026 to amend its existing $1.85 billion Five-Year Credit Agreement with JPMorgan Chase Bank, N.A. and other lenders. The amendment extends the facility’s maturity date from April 16, 2030 to April 16, 2031, with all other terms and conditions remaining in effect.
The lenders and their affiliates provide various financial services to the company and its subsidiaries in the ordinary course of business for customary fees.
Positive
- $1.85 billion credit facility maturity extended from April 16, 2030 to April 16, 2031, supporting CPB’s access to committed bank financing for a longer period without changing other credit agreement terms.
Negative
- None.
8-K Event Classification
2 items: 1.01, 9.01
2 items
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Five-Year Credit Agreement size: $1.85 billion
Original maturity date: April 16, 2030
New maturity date: April 16, 2031
+2 more
5 metrics
Five-Year Credit Agreement size
$1.85 billion
Commitment under the company’s Five-Year Credit Agreement referenced in the amendment
Original maturity date
April 16, 2030
Maturity date of the Credit Agreement before the Extension Agreement
New maturity date
April 16, 2031
Maturity date of the Credit Agreement after the Extension Agreement
Extension Agreement date
September 16, 2026
Date the Extension Agreement became effective
8-K signature date
September 17, 2026
Date the report was signed by the Executive Vice President and Chief Financial Officer
Key Terms
Material Definitive Agreement, Credit Agreement, administrative agent, Inline XBRL
4 terms
Material Definitive Agreement regulatory
"Item 1.01 – Entry Into a Material Definitive Agreement Effective September 16, 2026"
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
Credit Agreement financial
"its $1.85 billion Five-Year Credit Agreement, dated as of April 16, 2024"
A credit agreement is a written loan contract between a borrower and a bank or other lender that lays out how much money can be borrowed, the interest rate, repayment schedule, fees, and the rules the borrower must follow. For investors, it matters because those terms affect a company’s cash costs, borrowing flexibility and risk of default — similar to how a mortgage’s rules determine a homeowner’s monthly budget and freedom to make changes.
administrative agent financial
"JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders"
An administrative agent is a bank or financial firm appointed to handle the day-to-day paperwork and communication for a group of lenders on a loan or credit agreement, acting as the central point for collecting payments, distributing funds, monitoring covenants, and sharing information. For investors, the administrative agent matters because it influences how quickly lenders receive updates, how smoothly repayments and waivers are handled, and how effectively the lending group enforces terms — think of it as a property manager coordinating tasks for multiple owners.
Inline XBRL technical
"The cover page from this on formatted in Inline XBRL."
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What material agreement did CPB enter into on September 16, 2026?
CPB entered into an Extension Agreement amending its existing Five-Year Credit Agreement. The amendment extends the maturity of the $1.85 billion facility by one year while keeping all other terms and conditions in full force and effect.
How did the credit facility maturity change for CPB (symbol CPB)?
The maturity date of CPB’s $1.85 billion Five-Year Credit Agreement was extended from April 16, 2030 to April 16, 2031 under an Extension Agreement effective September 16, 2026.
Did the size of CPB’s credit facility change in this 8-K?
No. The filing states CPB’s Five-Year Credit Agreement remains at $1.85 billion. The amendment only extends the maturity date by one year and specifies that all other terms and conditions remain in full force and effect.
Who is the administrative agent under CPB’s extended credit agreement?
The administrative agent under CPB’s $1.85 billion Five-Year Credit Agreement, as amended, is JPMorgan Chase Bank, N.A., acting alongside the other lenders named in the agreement.
Do CPB’s lenders provide other services to the company?
Yes. The filing notes that one or more lenders or their affiliates provide CPB and its subsidiaries with various financial services, including cash management, commercial and investment banking, foreign exchange, advisory and other services, for which they receive customary fees and expenses.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report
(Date of Earliest Event Reported):
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
Principal Executive Offices
Telephone Number: (856 ) 342-4800
Not Applicable
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 1.01 – Entry Into a Material Definitive Agreement
Effective September 16, 2026, The Campbell’s Company (the “Company”) entered into an Extension Agreement (the “Amendment”) to its $1.85 billion Five-Year Credit Agreement, dated as of April 16, 2024, among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders named therein (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”). The Amendment extends the maturity date of the Credit Agreement from April 16, 2030 to April 16, 2031. All other terms and conditions of the Credit Agreement remain in full force and effect. The Amendment is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
In the ordinary course of their respective businesses, one or more of the lenders under the Credit Agreement, as amended, or their affiliates, have or may have various relationships with the Company and the Company’s subsidiaries involving the provision of a variety of financial services, including cash management, commercial banking, investment banking, trust or agency, foreign exchange, advisory or other financial services, for which they received, or will receive, customary fees and expenses.
Item 9.01 – Financial Statements and Exhibits
(d) Exhibits
| 10.1 | Extension Agreement, dated as of September 16, 2026, by and among The Campbell’s Company, the Eligible Subsidiaries party thereto from time to time, JPMorgan Chase Bank, N.A., as administrative agent, and the other lenders named therein. | ||||
| 104 | The cover page from this Current Report on Form 8-K formatted in Inline XBRL. | ||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| THE CAMPBELL'S COMPANY | ||||||||
| Date: September 17, 2026 | By: | /s/ Todd E. Cunfer | ||||||
| Todd E. Cunfer | ||||||||
| Executive Vice President and Chief Financial Officer | ||||||||