FORD MOTOR CO (F): debt financing — Ford extends $13.5B credit facility maturities; $3.4B to 2026, $10.1B to 2028

FORD MOTOR CO

Twentieth Amendment extends $3.4B of commitments to April 26, 2026 and $10.1B to April 26, 2028.
Fifth Amendment extends $1.9B of supplemental revolver to April 26, 2026; $0.1B unchanged.
Second Amendment increases 364-day revolver by $50M to $1.8B, extends maturity to April 24, 2024.
All three amendments effective April 26, 2023; total commitments unchanged across facilities.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FORD MOTOR CO amended revolving credit of $0.1 billion of commitments maturing on September 29, 2024 and $1.9 billion of commitments maturing on April 26, 2026 with JPMorgan Chase Bank, N.A. maturing April 26, 2026.

Instrument: revolving credit
Principal: $0.1 billion of commitments maturing on September 29, 2024 and $1.9 billion of commitments maturing on April 26, 2026
Counterparty: JPMorgan Chase Bank, N.A.
Maturity: April 26, 2026
Event: amendment

Exact text from the filing

er 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 26, 2023, the “Existing Credit Agreement”) among Ford, the subsidiary borrowers from time to time party thereto, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FORD MOTOR CO amended revolving credit of $1.8 billion of commitments maturing on April 24, 2024 with JPMorgan Chase Bank, N.A. maturing April 24, 2024.

Instrument: revolving credit
Principal: $1.8 billion of commitments maturing on April 24, 2024
Counterparty: JPMorgan Chase Bank, N.A.
Maturity: April 24, 2024
Event: amendment

Exact text from the filing

er 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 26, 2023, the “Existing Credit Agreement”) among Ford, the subsidiary borrowers from time to time party thereto, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto.

View on SEC.gov

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FORD MOTOR CO amended credit facility of $3.4 billion of commitments maturing on April 26, 2026 and $10.1 billion of commitments maturing on April 26, 2028 with JPMorgan Chase Bank, N.A. maturing April 26, 2028.

Instrument: credit facility
Principal: $3.4 billion of commitments maturing on April 26, 2026 and $10.1 billion of commitments maturing on April 26, 2028
Counterparty: JPMorgan Chase Bank, N.A.
Maturity: April 26, 2028
Event: amendment

Exact text from the filing

er 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 26, 2023, the “Existing Credit Agreement”) among Ford, the subsidiary borrowers from time to time party thereto, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto.

View on SEC.gov

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Source: SEC EDGAR

accession 0000037996-23-000025

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