Material Agreement Form 8 K

Amendment No. 3 to Amended and Restated Credit Agreement

On October 25, 2024, Graco Inc. (the "Company") entered into an Amendment No. 3 to Amended and Restated Credit Agreement (the "Amendment") that amends its Amended and Restated Credit Agreement, dated as of March 25, 2021, entered into with U.S. Bank National Association, as administrative agent and a lender, and the other lenders that are parties thereto (as previously amended, restated, supplemented, or otherwise modified, the "Credit Agreement"). The Amendment amended the Credit Agreement by extending the maturity of the Company's $750 million unsecured revolving credit facility from March 25, 2026 to October 25, 2029. The Amendment also eliminates adjustments to the applicable margin percentages for base rate loans and non-baserate loans, as well as adjustments to the facility fee rate the Company is required to pay on the average daily unused amount of the loan commitments, that would have applied following the Company's completion of a significant acquisition prior to December 31, 2023.

The foregoing description of the Amendment and the transactions contemplated thereby does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment, a copy of which is filed as Exhibit 10.1 and is incorporated by reference herein.