Companies · MMM
3M
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Updated Aug 19, 2026
3M refinances $4.25B revolving credit facility with improved pricing and expanded options
3M replaced its May 2023 revolving credit agreement with a new $4.25 billion unsecured facility maturing in five years, maintaining the same committed size but securing tighter margin bands on SOFR and EURIBO borrowings. The facility includes an accordion feature allowing up to $1 billion in incremental commitments and two optional one-year extension periods, providing structural flexibility. The EBITDA-to-Interest covenant floor of 3.0x signals confidence in the company's debt service capacity, consistent with investment-grade positioning.
Tone: neutralRevenue
$24.9B
MMM 10-K · FY 2025
Employees
60,500
Revenue FY2024
$24.6B
Founded
1902
Profile
MMM 10-K Item 1 · Feb 3, 20263M is a diversified global technology manufacturer operating across three business segments: Safety and Industrial, Transportation and Electronics, and Consumer. The company sells products through broad distribution channels including direct, e-commerce, wholesalers, and retailers across numerous countries. Its portfolio spans industrial abrasives, personal protection equipment, electronic materials, adhesives, and consumer branded goods.
Read filing description ↓ Collapse description ↑
3M is a diversified technology company with a global presence in the following businesses: Safety and Industrial; Transportation and Electronics; and Consumer. 3M is among the leading manufacturers of products for many of the markets it serves. Most 3M products involve expertise in product development, manufacturing and marketing, and are subject to competition from products manufactured and sold by other technologically oriented companies. 3M manages its continuing operations in three operating business segments: Safety and Industrial, Transportation and Electronics, and Consumer. 3M's business segments bring together common or related 3M technologies, enhancing the development of innovative products and services and providing for efficient sharing of business resources. 3M products are sold through numerous distribution channels, including directly to users and through a wide range of e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers in a wide variety of trades in many countries around the world. Management believes that the confidence of these partners in 3M and its products — a confidence developed through long association with skilled marketing and sales representatives — has contributed significantly to 3M's position in the marketplace and to its growth. As part of 3M's ongoing commercial excellence initiative, the Company is focused on further strengthening and optimizing this go-to-market channel, enhancing partner engagement, and improving overall channel performance to support continued growth.
Primary products
- 3M Cubitron Abrasives
- Scotch-Brite Abrasives
- Scotch Vinyl Tapes
- 3M Temflex Vinyl Tapes
- 3M Scotchkote Coatings
- 3M Dynatel Locators
Business segments
End markets
Geographies
“3M is among the leading manufacturers of products for many of the markets it serves.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total net sales grew 1.5% year-over-year in 2025, driven by strength in safety and general industrial, commercial excellence, and new product introductions, partially offset by softness in auto aftermarket, roofing granules, commercial vehicles, and consumer, and the impact of the exit of manufactured PFAS products.
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