Item 1.01 Entry into a Material Definitive Agreement.

Amendment and Restatement of Credit Agreement

On September 30, 2021, Leggett & Platt, Incorporated (the "Company," "us," or "we") entered into an Amendment Agreement among us, JPMorgan Chase Bank, N.A., as administrative agent ("JPMorgan"), and the Lenders with Commitments listed below which adopted the Fourth Amended and Restated Credit Agreement (the "Credit Agreement"). The Credit Agreement is a five-year multi-currency credit facility providing us the ability, from time to time, to borrow, repay and re-borrow up to $1.2 billion until the maturity date, at which time our ability to borrow under the Credit Agreement will terminate. The Credit Agreement amends and restates the Third Amended and Restated Credit Agreement , dated as of December 12, 2018 among us, JPMorgan and the Lenders named therein, filed December 14, 2018 as Exhibit 10.1 to our Form 8-K, as amended by Amendment No. 1 to the Third Amended and Restated Credit Agreement , dated as of May 6, 2020, filed May 7, 2020 as Exhibit 10.1 to our Form 8-K. Capitalized terms used but not defined herein have the meanings set forth in the Credit Agreement.

The material amendments to the Credit Agreement included:

(1) Maturity Date of Credit Agreement Extended. The maturity date under our senior unsecured Revolving Facility under the Credit Agreement (the "Revolving Facility") was extended from January 3, 2024 to September 30, 2026.

(2) Commitments under Revolving Facility Changed. The Revolving Commitments under the Revolving Facility were changed as follows:





                                                   Prior Revolving         New Revolving
Lenders                                              Commitments            Commitments
JPMorgan Chase Bank, N.A.                          $ 173,128,342.24       $   155,000,000
Wells Fargo Bank, National Association             $ 128,114,973.27       $   130,000,000
U.S. Bank National Association                     $ 128,114,973.27       $   130,000,000
MUFG Bank, Ltd.                                    $ 128,114,973.27       $   130,000,000
Bank of America, N.A.                              $ 128,114,973.27       $   130,000,000
PNC Bank, National Association                     $  91,764,705.88       $   105,000,000
Truist Bank1                                       $             -        $   105,000,000
BMO Harris Bank, N.A.                              $  63,529,411.76       $    75,000,000
The Toronto Dominion Bank                          $  63,529,411.76       $    75,000,000
Banco Bilbao Vizcaya Argentaria, S.A. New York
Branch                                             $  63,529,411.76       $    75,000,000
Svenska Handelsbanken AB (PUBL) New York
Branch                                             $  45,000,000.00       $    45,000,000
Arvest Bank                                        $  31,764,705.88       $    45,000,000
SunTrust Bank1                                     $  91,764,705.88       $            -
Branch Bank and Trust Company1                     $  63,529,411.76       $            -

Total                                              $  1,200,000,000       $ 1,200,000,000

1 SunTrust Bank and Branch Bank and Trust Company merged December 6, 2019. The

combined Lender is Truist Bank.

As of the date of this Form 8-K, there was no Borrowing under the Revolving Facility. The Credit Agreement serves as support for our $1.2 billion commercial paper program.

(3) Tranche A Term Facility Eliminated. Prior to the amendment, the Credit Agreement contained a senior unsecured "Tranche A Term Facility" in the aggregate principal amount of $500 million. The Tranche A Term Facility was eliminated. The Lenders were obligated to extend credit under the Tranche A Term Facility in the amounts listed below. We made a one-time draw under the Tranche A Term Facility on January 16, 2019 in the maximum amount of $500 million to finance, in part, our acquisition of Elite Comfort Solutions, Inc. The Tranche A Term Facility loan or "Term Loan A" ranked equally with all our other unsecured and unsubordinated indebtedness, was available only in U.S. Dollars, and required us to pay interest at time intervals based upon the selected interest rate and selected interest period. Under the Term Loan A, we were required to pay





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(i) $12.5 million of principal payments each quarter (on the last day of March, June, September and December) and (ii) the remaining outstanding principal under the Term Loan A upon the stated maturity date of January 3, 2024. We prepaid the outstanding amount under the Term Loan A on August 31, 2021. Amounts borrowed under the Term Loan A that were repaid or prepaid could not be reborrowed. There were no penalties for early repayment under the Term Loan A. The Term Loan A had customary default and acceleration provisions including those applicable to our breach of representations or warranties, our noncompliance with covenants, or our failure to timely pay all principal, interest and fees.



Prior to the amendment, the Tranche A Term Facility had Commitments for each
Lender as follows:



                                                        Former Tranche A
                                                          Term Facility
Lenders                                                    Commitments
JPMorgan Chase Bank, N.A.                               $   76,871,657.76
Wells Fargo Bank, National Association                  $   56,885,026.73
U.S. Bank National Association                          $   56,885,026.73
MUFG Bank, Ltd.                                         $   56,885,026.73
Bank of America, N.A.                                   $   56,885,026.73
SunTrust Bank1                                          $   38,235,294.12
PNC Bank, National Association                          $   38,235,294.12
BMO Harris Bank, N.A.                                   $   26,470,588.24
The Toronto Dominion Bank                               $   26,470,588.24
Branch Bank and Trust Company1                          $   26,470,588.24

Banco Bilbao Vizcaya Argentaria, S.A. New York Branch $ 26,470,588.24 Svenska Handelsbanken AB (PUBL) New York Branch $

              -
Arvest Bank                                             $   13,235,294.12

Total                                                   $  500,000,000.00





1   SunTrust Bank and Branch Bank and Trust Company merged December 6, 2019. The
    combined Lender is Truist Bank.

(4) Increase in Accordion Feature for Incremental Revolving Commitments and Incremental Term Loans. Prior to the amendment, the Credit Agreement contained an "accordion feature" providing for the incremental increase of borrowing capacity under the Revolving Facility and an Incremental Term Loan in an amount up to $500 million in addition to the $1.2 billion Revolving Commitments and the former $500 million Tranche A Term Facility upon the request of the Company subject to the Lenders' consents (i.e. up to an aggregate borrowing capacity of $2.2 billion, subject to covenant limitations). This accordion feature was amended to provide for an increase in incremental borrowing capacity under the Revolving Facility and an Incremental Term Loan of up to $600 million in addition to the borrowing capacity under the $1.2 billion Revolving Commitments upon request of the Company subject to the Lenders' consents (i.e. up to an aggregate borrowing capacity of $1.8 billion, subject to covenant limitations).

(5) Financial Covenant Changed. Prior to the amendment, the Company was required to maintain a Leverage Ratio of (i) Consolidated Funded Indebtedness (minus Unrestricted Cash) to (ii) Consolidated EBITDA for the four consecutive trailing fiscal quarters, of not more than 3.75 to 1.00 on September 30, 2021, with a step-down to not more than 3.25 to 1.00 as of December 31, 2021 and each fiscal quarter end date thereafter. The amended Leverage Ratio covenant requires the Company to maintain as of the last day of each fiscal quarter (i) Consolidated Funded Indebtedness minus the lesser of: (A) Unrestricted Cash, or (B) $750 million to (ii) Consolidated EBITDA for the four consecutive trailing quarters, such ratio not being greater than 3.50 to 1.00, provided, however, subject to certain limitations, if the Company has made a Material Acquisition in any fiscal quarter, at the Company's election, the maximum Leverage Ratio shall be 4.00 to 1.00 for the fiscal quarter during which such Material Acquisition is consummated and the next three consecutive fiscal quarters.

(6) Limitation of Secured Debt Changed. Prior to the amendment, the Credit Agreement contained a covenant that limited the outstanding principal amount of Indebtedness and other monetary obligations secured by Liens to 5% of Consolidated Total Assets, which would have increased to 15% on December 31, 2021 and thereafter. The amended Credit Agreement changed this covenant to limit the outstanding principal amount of Indebtedness and other monetary obligations secured by Liens to 15% of Consolidated Total Assets.





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(7) Anti-Cash Hoarding Provision Removed. Prior to the amendment, the Credit Agreement contained a provision that limited Borrowing if, at the time of the Borrowing and immediately after giving effect of such Borrowing and the use of the proceeds, the Company had a pro forma Consolidated Cash Balance in excess of the Consolidated Cash Balance Limit. The Consolidated Cash Balance Limit was . . .

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an

Off-Balance Sheet Arrangement of a Registrant.

The information provided in Item 1.01 above is incorporated herein by reference.





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