Why 364-day credit lines renew one day earlier each year
Mondelez signed on 18 February. The year before, the 19th. Disney on the 27th, then the 28th. 364 days is exactly 52 weeks, and the filing calendar shows it.
12 primary sourcesTicker · 2 articles
TGT
Every article on this page was built from the company's own filings. The documents they were read from are listed below, so you can check any figure yourself.
Last checked Aug 27, 2026All companies
Figures we worked out for TGT
Not a data feed. Each of these was calculated inside one of the articles above, from the filings listed at the bottom of this page. The arithmetic is shown so you can redo it — and it is re-run every time this site is built.
| Figure | Value | Arithmetic |
|---|---|---|
| Six credit lines replaced in August. All end in 2031. | ||
| Days left on Target's prior five-year agreement | 796 days | 796 |
| Years left on Target's prior five-year agreement | 2.18 years | 796 / 365.25 |
| Days left on Target's 364-day agreement | 55 days | 55 |
| Target's committed capacity, before and after | 0.0% | 4.0 / (3.0 + 1.0) - 1 |
4 figures from 1 article. Totals and industry averages that belong to no single company are not listed here.
Primary sources used
- Mondelez International, Inc. — Form 8-K exhibit, 364-Day Revolving Credit Agreement dated 18 February 2026US$1,500,000,000 facility; names the predecessor agreement dated 19 February 2025
- The Walt Disney Company — Form 8-K filed 3 March 2026$5.25bn 364-day agreement entered 27 February 2026, replacing the $5.25bn agreement of 28 February 2025, expiring 26 February 2027; states the lines support commercial paper
- NIKE, Inc. — Form 8-K exhibit, 364-Day Credit Agreement dated 6 March 2026Defines the predecessor as the 364-Day Credit Agreement dated 7 March 2025
- Emerson Electric Co. — Form 8-K exhibit, 364-Day Credit Agreement dated 10 February 2026$2,000,000,000 facility; predecessor dated 11 February 2025
- Enterprise Products Partners L.P. — Form 8-K filed 27 March 2026$1.5bn 364-day agreement entered 27 March 2026, replacing the agreement of 28 March 2025 which matured 27 March 2026
- Automatic Data Processing, Inc. — Form 8-K filed 26 June 2026$5.7bn 364-day facility replacing the prior $4.55bn facility entered 27 June 2025
- Zimmer Biomet Holdings, Inc. — Form 8-K filed 29 June 2026$1.25bn 364-day revolving agreement dated 26 June 2026
- Athene Holding Ltd. — Form 8-K filed 29 June 2026Wells Fargo 364-day agreement effective 26 June 2026, replacing the 364-Day Credit Agreement dated 27 June 2025
- Honeywell Aerospace Inc. — Form 10-12B information statement, filed 15 June 2026States plainly that the undrawn portion of the credit facilities serves as a backup facility for the commercial paper programme
- Parker-Hannifin Corporation — Form 8-K filed 13 August 2026$5.25bn actually drawn under the 364-Day Credit Facility to fund part of a merger purchase price
- Dover Corporation — Form 8-K filed 8 April 2026Records a 364-day agreement expiring upon maturity on 2 April 2026
- EDGAR full-text search — 8-K filings containing "364-Day Credit Agreement"How the population was built. Counts are search-result counts, not a census of facilities — the article says so
- Cencora, Inc. — Form 8-K filed 5 August 2026Item 1.01 — multi-currency revolver amended and restated on 31 July 2026, commitments from $5.5bn to $7.0bn, maturity extended to July 2031; receivables facility cut from $1.5bn to $1.0bn
- Uber Technologies, Inc. — Form 8-K filed 7 August 2026Items 1.01, 1.02, 2.03 — $7.7bn revolver entered 6 August 2026 maturing 6 August 2031, replacing the agreement dated 26 September 2024; $324m of letters of credit, no borrowings drawn
- Cardinal Health, Inc. — Form 8-K filed 11 August 2026Items 1.01, 1.02 — $4.0bn of revolving credit through 7 August 2031, replacing a $2.0bn five-year agreement, a $1.0bn 364-day agreement and a receivables purchase agreement
- Southwest Airlines Co. — Form 8-K filed 12 August 2026Items 1.01, 1.02, 2.03 — $2.0bn five-year revolver maturing 10 August 2031; prior facility dated 3 August 2016 would have expired 4 August 2028; no amounts outstanding
- Target Corporation — Form 8-K filed 14 August 2026Items 1.01, 1.02, 2.03 — $4.0bn facility expiring 14 August 2031; terminated a $3.0bn five-year agreement due 18 October 2028 and a $1.0bn 364-day agreement due 8 October 2026
- 3M Company — Form 8-K filed 19 August 2026Items 1.01, 1.02, 2.03 — $4.25bn revolver effective 17 August 2026 maturing on the fifth anniversary, replacing the $4.25bn five-year agreement dated 11 May 2023; accordion to $5.25bn
- Intercontinental Exchange, Inc. — Form 8-K filed 21 August 2026Item 1.01 — fourteenth amendment; total revolving commitments remain at $3.9bn, with a separate term loan facility for the MarketAxess acquisition
- SEC EDGAR submissions — 8-K item numbers for large filersHow the population was built — Items 1.01 and 2.03 read from the structured items field, not from full-text search
20documents, deduplicated. Links go to the original filing, not to a summary.