Cintas signs USD 2 billion revolving credit facility maturing 2031

Reuters04-01

Cintas signs USD 2 billion revolving credit facility maturing 2031

Cintas unit Cintas No. 2 entered a USD 2 billion revolving credit facility on March 27, 2026.
Revolver includes USD 300 million letter-of-credit sub-facility.
Facility also provides USD 150 million swing line.
Maturity set for March 27, 2031.
Credit agreement permits up to USD 1 billion of additional commitments or new term loans, subject to conditions.
Pricing set at Term SOFR plus 70-114 basis points or base rate, depending on loan type.
Guarantors include Cintas plus certain material domestic subsidiaries.
Financial covenant requires leverage ratio no higher than 3.50x, with temporary step-up to 4.00x tied to certain acquisitions.
Company terminated prior credit agreement dated March 23, 2022.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cintas Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000723254-26-000010), on March 31, 2026, and is solely responsible for the information contained therein.

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