Using an international sample covering the 2005 - 2019 period, we find that firm actively structures its debt obligations to mature in a dispersed fashion when exposed to weather-related events. Controlling for time-varying characteristics of both firm and macroeconomic conditions, our results suggest that one standard deviation increase in climate risk leads to four percent of debt maturity dispersion. The findings are confirmed by employing the difference-in-differences analysis of firm debt profiles responding to the 2015 Paris Agreement. Our evidence shows that the effects are more pronounced when firms (i) face higher financial constraints, or (ii) operate in the countries with better access to capital markets. Taken together, our study sheds light on the joint effect of supply and demand for debt maturity profiles when firms are exposed to a high level of climate risk.