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Emerson Electric (NYSE: EMR) secures new $2B 364-day credit facility

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Emerson Electric Co. entered into a new $2 billion 364-Day Credit Agreement with a bank syndicate led by JPMorgan Chase Bank, N.A., effective February 10, 2026. The unsecured facility, which expires on February 9, 2027, is available in U.S. dollars under various interest rate options.

The credit line is intended for general corporate purposes, including serving as a liquidity back-up for Emerson’s commercial paper program. There are currently no loans or letters of credit outstanding, and the company states it has no present intention to borrow under this or prior similar facilities.

This agreement replaces Emerson’s prior $3 billion 364-day credit facility that had reached its scheduled expiration. Emerson may designate eligible subsidiaries as borrowers, whose obligations would be unconditionally and irrevocably guaranteed by the company.

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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): February 10, 2026
Emerson Electric Co.
-------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
Missouri1-27843-0259330
---------------------------------
(State or Other Jurisdiction of Incorporation)
-------------------
(Commission
---------------------------
(I.R.S. Employer Identification Number)
File Number)
8027 Forsyth Blvd. 
St. Louis,Missouri63105
------------------------------------------------
(Address of Principal Executive Offices)
------------------
(Zip Code)
Registrant’s telephone number, including area code:
(314) 553-2000
------------------------------------------
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:
      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Trading Symbol(s)Name of each exchange on which registered
Common Stock of $0.50 par value per share EMRNew York Stock Exchange
NYSE Texas
2.000% Notes due 2029EMR 29New York Stock Exchange
3.000% Notes due 2031EMR 31ANew York Stock Exchange
3.500% Notes due 2037EMR 37New York Stock Exchange
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 (§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.
The information provided in Item 2.03 of this Current Report on Form 8-K is hereby incorporated into this Item 1.01 by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On February 10, 2026, Emerson Electric Co. (the "Company") entered into a $2 billion 364-Day Credit Agreement (the “364-Day Credit Facility”), dated as of February 10, 2026, with JPMorgan Chase Bank, N.A., as agent, Bank of America, N.A., Citibank, N.A., and Goldman Sachs Bank USA, as syndication agents, and the lenders named therein. The 364-Day Credit Facility expires on February 9, 2027. There are no outstanding loans or letters of credit under the 364 Day Credit Facility. The Company has not incurred any borrowings under this or prior similar facilities, and has no current intention to do so. The 364-Day Credit Facility supports general corporate purposes, including as a liquidity back-up for the Company’s commercial paper borrowings. The facility replaces the Company’s $3 billion 364-Day Credit Agreement entered into on February 11, 2025, which expired by its terms.

The 364-Day Credit Facility is unsecured and may be accessed under various interest rate alternatives, at the Company’s option. The Company may from time to time designate any of its eligible subsidiaries as subsidiary borrowers under the 364-Day Credit Facility. The Company has unconditionally and irrevocably guaranteed the obligations of each of its subsidiaries in the event a subsidiary is named a borrower under the 364-Day Credit Facility. Loans are denominated in U.S. dollars. The Company must pay facility fees on the aggregate amounts available under the 364-Day Credit Facility, as specified in the credit agreement. The 364-Day Credit Facility contains customary representations, warranties, covenants and events of default.

In the ordinary course of their respective businesses, the lenders and their respective affiliates engage in, and may in the future engage in, commercial banking and/or investment banking transactions and/or advisory services with the Company and its affiliates.

The foregoing summary of the 364-Day Credit Facility is not complete and is qualified in its entirety by reference to the actual credit agreement, which is attached as Exhibit 10.1 hereto and is incorporated herein by reference.


Item 9.01 Financial Statements and Exhibits
 
(d) Exhibits.
 
Exhibit Number  Description of Exhibits
   
10.1
364-Day Credit Agreement dated as of February 10, 2026.
104Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
 



SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 EMERSON ELECTRIC CO.
(Registrant)
  
Date:February 13, 2026By:/s/ John A. Sperino
  
John A. Sperino
Vice President and
Assistant Secretary

  

FAQ

What did Emerson Electric Co. (EMR) announce in this 8-K?

Emerson Electric Co. entered a new $2 billion 364-Day Credit Agreement for general corporate purposes. The unsecured facility provides short-term liquidity support, particularly as a back-up for commercial paper, and replaces a prior $3 billion 364-day credit line that expired.

What are the key terms of Emerson Electric’s new $2 billion credit facility?

The new 364-Day Credit Facility totals $2 billion, is unsecured, and matures on February 9, 2027. It is available in U.S. dollars under various interest rate alternatives and requires Emerson to pay facility fees on the total committed amount, as outlined in the credit agreement.

Has Emerson Electric (EMR) borrowed under the new 364-day credit facility?

Emerson Electric reports no outstanding loans or letters of credit under the new $2 billion 364-Day Credit Facility. The company also states it has not borrowed under similar prior facilities and has no current intention to draw on this line at present.

How does the new $2 billion facility compare to Emerson’s prior credit agreement?

The new $2 billion 364-Day Credit Facility replaces a previous $3 billion 364-day credit agreement that expired by its terms. While smaller in size, the new facility serves the same general corporate and liquidity back-up purposes for Emerson’s commercial paper borrowings.

Which banks are involved in Emerson Electric’s 364-Day Credit Facility?

JPMorgan Chase Bank, N.A. acts as agent for the $2 billion 364-Day Credit Facility. Bank of America, N.A., Citibank, N.A., and Goldman Sachs Bank USA serve as syndication agents, alongside other lenders participating in the agreement.

Can Emerson Electric’s subsidiaries borrow under the new credit facility?

Yes. Emerson Electric may designate eligible subsidiaries as borrowers under the 364-Day Credit Facility. If a subsidiary becomes a borrower, Emerson has unconditionally and irrevocably guaranteed that subsidiary’s obligations for borrowings made under this credit agreement.

Filing Exhibits & Attachments

5 documents
Emerson Elec Co

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