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Leggett & Platt Amends Credit Agreement with JPMorgan

Story Highlights
  • Leggett & Platt amended its credit agreement, reducing its revolving credit facility.
  • The company’s commercial paper program was decreased to $1.0 billion, aligning with financial strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Leggett & Platt Amends Credit Agreement with JPMorgan

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Leggett & Platt ( (LEG) ) has issued an announcement.

On July 24, 2025, Leggett & Platt, Incorporated amended its credit agreement with JPMorgan Chase Bank and other lenders, resulting in several key changes. These include a reduction in the revolving credit facility from $1.2 billion to $1.0 billion, an extension of the maturity date to July 24, 2030, and adjustments to borrowing terms such as the reinstatement of borrowing in Canadian dollars and the suspension of borrowing in Mexican Pesos. The company’s commercial paper program was also reduced from $1.2 billion to $1.0 billion, reflecting a strategic adjustment in its financial operations.

The most recent analyst rating on (LEG) stock is a Hold with a $13.00 price target. To see the full list of analyst forecasts on Leggett & Platt stock, see the LEG Stock Forecast page.

Spark’s Take on LEG Stock

According to Spark, TipRanks’ AI Analyst, LEG is a Neutral.

The overall stock score for Leggett & Platt is impacted significantly by financial performance challenges and poor valuation metrics. While technical analysis shows potential for stabilization, and earnings call indicates some strategic improvements, the underlying financial risks and negative earnings weigh heavily on the stock’s attractiveness.

To see Spark’s full report on LEG stock, click here.

More about Leggett & Platt

Average Trading Volume: 2,637,206

Technical Sentiment Signal: Sell

Current Market Cap: $1.39B

See more insights into LEG stock on TipRanks’ Stock Analysis page.

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