Acuity Inc. (NYSE: AYI) entered into a new credit agreement on May 8, 2026, establishing an $800 million unsecured revolving credit facility that matures in May 2031, according to a Securities and Exchange Commission filing.

The credit agreement involves JPMorgan Chase Bank, N.A. as administrative agent and replaces the company's existing credit agreement dated June 30, 2022. The facility is guaranteed by Acuity's material domestic subsidiaries and certain other subsidiaries, subject to specific exclusions.

Loans under the facility bear interest at rates based on adjusted base rate, Term SOFR, EURIBOR, Daily Simple SONIA or Term CORRA, plus an applicable margin determined by the company's leverage ratio or credit rating level. Acuity will pay quarterly facility fees based on the average daily amount of the revolving credit facility, regardless of usage.

The agreement requires Acuity to maintain a maximum leverage ratio of 3.75 to 1.00 as of the last day of any fiscal quarter. The company may temporarily increase this ratio to 4.25 to 1.00 in connection with material acquisitions. The leverage ratio is calculated as consolidated debt minus unrestricted cash and cash equivalents divided by consolidated EBITDA.

The credit agreement includes restrictions on the company's ability to consolidate or merge, dispose of substantially all assets, create liens, and incur subsidiary indebtedness. Standard events of default provisions allow lenders to terminate commitments and demand immediate payment if defaults occur and continue.

Acuity is based in Atlanta, Georgia, with its common stock trading on the New York Stock Exchange under the ticker AYI.