SOLV · 10-Q · 2026Q3 · Full report
Liquidity and Debt Position
Solventum Corp · 2026-11-05 · Importance 42 · Surprise 14 · In source text
At September 30, 2026, long-term debt excluding current portions was $4.561 billion, down from $5.035 billion at December 31, 2025, a decrease of $474 million. Total debt, including other borrowings, was $5.068 billion at September 30, 2026. The company reported no amounts outstanding under its $2.0 billion revolving credit facility and no commercial paper outstanding at September 30, 2026. Solventum stated that it was in compliance with all Senior Notes covenants.
Key facts
- Solventum’s five-year senior unsecured revolving credit facility has a committed amount of $2.0 billion and expires in 2029. source
- Solventum’s commercial paper program allows issuance of up to $2.0 billion in short-term notes to finance short-term liabilities; each issuance matures within an undisclosed number of days. source
- Solventum’s three-year senior unsecured term loan credit facility has a principal amount of $1.0 billion and a floating interest rate based on SOFR. source
- Solventum commenced a finance lease in March 2026 for its principal office in Eagan, Minnesota, running through April 2046; the discount rate used to calculate the present value of lease payments was 6.47%. source
- Solventum had approximately $1.2 billion of cross-currency swaps designated as net investment hedges at September 30, 2026. source
- Solventum's financing cash flows used decreased in the first nine months of 2026 compared with the first nine months of 2025, primarily reflecting 2025 repayments of $1.9 billion of senior notes through tender offers after the Purification and Filtration sale and $770 million of senior term loan principal in the third quarter of 2025. source
- At September 30, 2026, Solventum’s long-term debt fair value was $4.4 billion compared with a carrying value of $4.6 billion; at December 31, 2025, fair value was $5.2 billion compared with a carrying value of $5.0 billion. source
- Solventum's principal liquidity sources are cash and cash equivalents, cash from operations, and access to its revolving credit facility and commercial paper program; the company expects these sources to satisfy foreseeable operating needs, capital expenditures, and debt service requirements. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | — | Solventum commenced a finance lease in March 2026 for its principal office in Eagan, Minnesota, running through April 2046; the discount… |
| liability | negative | realized | — | Solventum commenced a finance lease in March 2026 for its principal office in Eagan, Minnesota, running through April 2046; the discount… |
| cash | positive | realized | — | Solventum's financing cash flows used decreased in the first nine months of 2026 compared with the first nine months of 2025, primarily… |