LEGGETT& PLATT, INCORPORATED (NYSE:LEG) Files An 8-K Entry into a Material Definitive Agreement

LEGGETT& PLATT, INCORPORATED (NYSE:LEG) Files An 8-K Entry into a Material Definitive Agreement

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Item1.01 Entry into a Material Definitive Agreement.

The information in Item 2.03 is incorporated herein by reference.

Item2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.

We are filing this Form 8-K because we increased the debt under
our existing commercial paper program to an aggregate total
amount outstanding of $499million on April21, 2017 compared to
outstanding commercial paper of $196million at December31, 2016,
as disclosed in our Form 10-K filed February22, 2017. The total
debt authorized under our commercial paper program is
$750million. The outstanding commercial paper had various
maturity dates, none of which exceeded 53 days from April21,
2017. The commercial paper had a weighted average interest rate
of 1.32%. We have used, and expect to use, the proceeds from the
sale of the commercial paper for ordinary working capital needs,
to repurchase our common stock, to fund small acquisitions and
for other general corporate purposes.

We issued the commercial paper to a Commercial Paper Issuing and
Paying Agent Agreement previously entered into between us and
U.S. Bank National Association, dated December2, 2014, including
the Master Note, filed December5, 2014 as Exhibit 10.1 to our
Form 8-K. U.S. Bank National Association acts as depository for
safekeeping of our commercial paper and to receive funds on our
behalf, as well as issuing agent and paying agent for the
commercial paper. Our commercial paper program is supported by
our unsecured $750million multi-currency revolving credit
agreement, which expires in 2021. Reference is made to our First
Amended and Restated Credit Agreement, dated May13, 2016, filed
May18, 2016 as Exhibit 10.1 to our Form 8-K. Currently, there is no
borrowing under our credit agreement.

The amounts
available under our commercial paper program may be borrowed,
repaid and re-borrowed from time to time. The commercial paper
notes are issued in $250,000 minimum face or principal amounts at
par less a discount representing an interest factor, or at par,
if interest bearing, with interest established based upon market
conditions and credit ratings in effect at the time of issuance.
The maturity of the notes may not exceed 270 days. The commercial
paper notes are not subject to voluntary prepayment by us or
redemption prior to maturity. The notes rank equally with all of
our other unsecured and unsubordinated debt. The notes are
subject to certain event of default provisions, including those
related to non-payment of principal and interest when due and the
bankruptcy or insolvency of our Company, which shall cause the
notes to become immediately due and payable.

U.S. Bank National
Association and/or its affiliates have provided from time to
time, and may continue to provide, commercial banking and related
services, as well as investment banking, financial advisory and
other services to us and our affiliates for which we have paid
and intend to pay customary fees, and, in some cases,
out-of-pocket expenses. The foregoing is only a summary of the
terms and conditions of our Commercial Paper Issuing and Paying
Agent Agreement, and is qualified in its entirety by reference to
such agreement which is incorporated by reference.

The commercial
paper notes will not be, and have not been registered under the
Securities Act of 1933, as amended, or any state securities laws
and may not be offered, reoffered or sold in the United States,
or elsewhere, absent registration or an applicable exemption from
the registration requirements of the Securities Act and
applicable state securities laws. This Form 8-K does not
constitute an offer to sell or the solicitation of an offer to
buy any commercial paper notes, nor shall there be any sale of
the commercial paper notes in any jurisdiction in which such
offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any
such jurisdiction or an exemption. This Form 8-K is not intended
to condition the market in the United States, or elsewhere, for
the issuance of our commercial paper notes.

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Item9.01
Financial Statements and Exhibits.

Exhibit No.

Description

10.1 Commercial Paper Issuing and Paying Agent Agreement between
U.S. Bank National Association and the Company, dated
December2, 2014, including Master Note, filed December5, 2014
as Exhibit 10.1 to the Companys Form8-K, is incorporated
by reference. (SEC File No.001-07845)
10.2 First Amended and Restated Credit Agreement, dated May13,
2016, among the Company, JPMorgan Chase Bank, N.A., as
administrative agent, and the participating banking
institutions named therein, filed May18, 2016 as Exhibit 10.1
to the Companys Form8-K, is incorporated by reference. (SEC
File No.001-07845)

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About LEGGETT & PLATT, INCORPORATED (NYSE:LEG)

Leggett & Platt, Incorporated is a manufacturer that conceives, designs and produces a range of engineered components and products found in homes, offices and automobiles. The Company operates in four segments: Residential Furnishings, Commercial Products, Industrial Materials and Specialized Products. Its brands include ComfortCore, Mira-Coil, VertiCoil, Quantum, Nanocoil, Lura-Flex and Active Support Technology, which includes mattress innersprings; Semi-Flex, which includes box spring components and foundations; Spuhl, which includes mattress innerspring manufacturing machines; Wall Hugger, which includes recliner chair mechanisms; Super Sagless, which includes motion and sofa sleeper mechanisms; No-Sag, which includes wire forms used in seating; LPSense, which includes capacitive sensing; Hanes, which includes fabric materials; Schukra, Pullmaflex and Flex-O-Lator, which includes automotive seating products, and Gribetz and Porter, which includes quilting and sewing machines.

LEGGETT & PLATT, INCORPORATED (NYSE:LEG) Recent Trading Information

LEGGETT & PLATT, INCORPORATED (NYSE:LEG) closed its last trading session up +0.59 at 53.54 with 1,197,007 shares trading hands.

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