Middleby secures $3 billion amended credit agreement with Bank of America, other lenders
MIDD•Middleby and Middleby Marshall entered a $3 billion amended credit agreement on November 4, comprising a $2 billion revolving facility and a $1 billion term loan. The facilities mature on November 4, 2031, and refinance existing credit arrangements.
1. Credit facilities
Middleby and Middleby Marshall entered the amended and restated credit agreement with Bank of America and other lenders on November 4, 2026. Bank of America is the administrative agent. The agreement includes a $2 billion multicurrency revolving credit facility and a $1 billion U.S. dollar term loan A facility, both maturing on November 4, 2031.
2. Rates and security
Interest margins range from 1.25% to 1.75%, or from 0.25% to 0.75% for base-rate and Canadian prime-rate borrowings, depending on leverage. The facilities refinance existing credit arrangements and are secured by substantially all assets of the borrowers and certain domestic subsidiaries.
