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EMERSON ELECTRIC CO FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits

May 2, 2014



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 1.02. Termination of 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 1.02 by reference.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On April 30, 2014, the Company entered into a $3.5 billion five-year revolving credit facility (the "2014 Facility") with JPMorgan Chase Bank, N.A., as agent, Citibank, N.A., as syndication agent, and the lenders named therein. The 2014 Facility expires in April 2019 and replaces a similar $2.75 billion four-year revolving credit facility dated December 16, 2010. There are no outstanding loans or letters of credit under the 2014 Facility. The Company has not incurred any borrowings under this or prior similar facilities, and has no intention to do so. The 2014 Facility supports general corporate purposes, including commercial paper borrowings.

The 2014 Facility is unsecured and may be accessed under various interest rate alternatives, at the Company's option. Loans and letters of credit may be denominated in U.S. dollars or certain other currencies. The Company must pay facility fees on the aggregate amounts available under the 2014 Facility, as specified in the credit agreement. The 2014 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 us and our affiliates.

The foregoing summary of the 2014 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 Credit Agreement dated as of April 30, 2014.



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Source: Edgar Glimpses


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