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Mueller Industries ( (MLI) ) has issued an update.
On March 27, 2026, Mueller Industries, Inc. entered into a new unsecured $100 million revolving credit facility with Bank of America, replacing its prior 2021 agreement and extending maturity to March 27, 2031. The facility, which can be used for working capital and general corporate purposes, includes sublimits of $50 million for letters of credit, $35 million for certain foreign currency loans and letters of credit, and $25 million for swing line borrowings, with outstanding letters of credit and foreign currency loans directly reducing availability.
Borrowings under the facility bear interest at either a benchmark rate or a base rate plus a margin tied to Mueller’s consolidated funded indebtedness-to-capitalization ratio, with additional commitment and letter-of-credit fees structured on the same metric. The agreement imposes customary financial covenants and ratio requirements, is guaranteed on a joint and several basis by certain domestic wholly owned subsidiaries, and underscores Mueller’s effort to secure long-term, flexible funding while maintaining standard banking relationships without other material ties to Bank of America.
The most recent analyst rating on (MLI) stock is a Buy with a $132.00 price target. To see the full list of analyst forecasts on Mueller Industries stock, see the MLI Stock Forecast page.
Spark’s Take on MLI Stock
According to Spark, TipRanks’ AI Analyst, MLI is a Outperform.
The score is driven primarily by high-quality financials—strong margins, excellent balance-sheet strength, and durable free cash flow. This is partly offset by weaker near-term technical momentum (below key moving averages with negative MACD). Valuation is reasonable, and the 40% dividend increase is an incremental positive.
To see Spark’s full report on MLI stock, click here.
More about Mueller Industries
Mueller Industries, Inc. is a U.S.-based manufacturing company that operates through various subsidiaries and utilizes domestic wholly owned units to support its financing arrangements. The company relies on committed bank credit facilities to fund working capital and general corporate purposes, reflecting an ongoing need for flexible liquidity in support of its operations and growth.
Average Trading Volume: 821,002
Technical Sentiment Signal: Buy
Current Market Cap: $12.03B
Find detailed analytics on MLI stock on TipRanks’ Stock Analysis page.