04:49 PM EDT, 03/25/2024 (MT Newswires) -- Leggett & Platt ( LEG ) said Monday it has amended its existing revolving credit facility for additional borrowing capacity.

The amendment raised the leverage ratio under the financial covenant from 3.50 to 1 to a ratio of 4 to 1 for every end of the quarter, starting March 31, 2024, and ending June 30, 2025. The leverage ratio will return to 3.50 to 1 for the quarter ending Sept. 30, 2025, and until the maturity date on Sept. 30, 2026, the company said in a filing.

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