A diversified technology company, 3M makes everything from Post-it® notes and Command™ strips to Scotch-Brite™ abrasives, Thinsulate™ insulation, and electronic display films used in cars, data centers, and homes. It began in 1902 as the Minnesota Mining and Manufacturing Company, named for a plan to mine corundum for sandpaper that never panned out. Its Post-it notes were born from a failed attempt to make a super-strong glue, when a scientist instead created a peelable adhesive.
3M enters new $4.25B revolving credit facility, replacing prior agreement
On August 17, 2026, 3M entered a new unsecured $4.25 billion revolving credit facility with JPMorgan Chase Bank as administrative agent and other lenders.
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The facility matures on the fifth anniversary of the effective date and replaces the prior $4.25 billion credit agreement dated May 11, 2023, which was terminated.
Interest rates vary by currency and benchmark: Term SOFR or EURIBO-based advances carry a margin of 0.625% to 1.125%, while Base Rate advances carry 0.00% to 0.125%.
3M pays a quarterly commitment fee of 0.05% to 0.11% per annum on unused commitments, based on its credit rating.
The facility can be increased up to $5.25 billion and extended by up to two one-year periods, subject to lender approval, and includes a 3.0-to-1.0 EBITDA-to-interest covenant.
1.01 Entry into a Material Definitive Agreement · 1.02 Termination of a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
3M elects Jennifer W. Rumsey, Cummins CEO, to its Board of Directors effective June 5, 2026
The Board determined Rumsey is an independent director under NYSE listing standards and 3M's Director Independence Guidelines, with no related person transactions requiring disclosure.
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On June 5, 2026, 3M's Board elected Jennifer W. Rumsey to the Board and appointed her to the Science, Technology and Sustainability Committee, effective the same day.
Rumsey is Chair of the Board and CEO of Cummins Inc., a global power solutions leader.
Rumsey will participate in 3M's non-employee director compensation program as described in the 2026 proxy statement.
A press release announcing the appointment was filed as Exhibit 99.1 to the 8-K.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
3M shareholders elect all ten director nominees and approve advisory say-on-pay at 2026 annual meeting.
Director votes ranged from 335,942,810 for Thomas "Tony" K. Brown to 362,025,951 for Neil G. Mitchill, Jr., with broker non-votes of 71,690,731 for each nominee.
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At the May 12, 2026 annual meeting, 3M shareholders elected each of the ten nominees to the Board of Directors for a one-year term.
Shareholders ratified the appointment of PricewaterhouseCoopers LLP as 3M's independent registered public accounting firm for 2026, with 412,885,060 votes for, 21,557,112 against, and 1,652,401 abstaining.
The advisory resolution on named executive officer compensation was approved with 342,396,161 votes for, 19,808,604 against, and 2,199,077 abstaining, with 71,690,731 broker non-votes.
The report was filed under Item 5.07 to disclose the final voting results of the annual meeting.
5.07 Submission of Matters to a Vote of Security Holders
3M subsidiary enters $1.43B term loan and $200M revolver to fund Madison Safety acquisition
On April 30, 2026, 3M's indirect subsidiary Fire Safety Platform Holdco, Inc. entered a credit agreement with Morgan Stanley Senior Funding, Inc. as administrative agent and other lenders.
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The credit agreement provides a $1.43 billion term loan facility and a $200 million revolving credit facility, each maturing 364 days after closing with a possible 12-month extension.
Proceeds will finance the acquisition of Madison Safety & Flow Holdings LLC and its subsidiaries from Madison Industries.
3M unconditionally guarantees the borrower's obligations under the facilities, which are senior unsecured liabilities.
The credit agreement includes a financial covenant requiring 3M to maintain an EBITDA to Interest Ratio of at least 3.0 to 1.0.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement