FORD MOTOR CO (F): debt financing — Ford refinances credit lines, extends maturities and increases 364-day facility to $2.5B

FORD MOTOR CO

Twenty-First Amendment: prior $3.4B due 2026 and $10.1B due 2028 replaced with $3.4B due 2027, $10.0B due 2029, plus minor earlier maturities.
Supplemental Sixth Amendment: $2.0B revolving commitments all extended to April 22, 2027 from prior Sept 2024 and April 2026.
364-Day Third Amendment: commitments increased from $1.8B to $2.5B, maturity extended to April 21, 2025 from April 24, 2024.
Amendments involved Ford Motor Company, Ford Motor Credit Company LLC, and Ford Brasil Ltda.; JPMorgan Chase as administrative agent.
Multiple bookrunners and lead arrangers; extensions and increases effective April 22, 2024.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

FORD MOTOR CO amended revolving credit of $2.5 billion of commitments maturing on April 21, 2025 with JPMorgan Chase Bank, N.A., as administrative agent maturing April 21, 2025.

Instrument: revolving credit
Principal: $2.5 billion of commitments maturing on April 21, 2025
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: April 21, 2025
Event: amendment

Exact text from the filing

er 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 22, 2024, 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 0.95

FORD MOTOR CO amended revolving credit of $2.0 billion of commitments maturing on April 22, 2027 with JPMorgan Chase Bank, N.A., as administrative agent maturing April 22, 2027.

Instrument: revolving credit
Principal: $2.0 billion of commitments maturing on April 22, 2027
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: April 22, 2027
Event: amendment

Exact text from the filing

er 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 22, 2024, 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 0.95

FORD MOTOR CO amended credit facility of $25 million of commitments maturing on April 26, 2026, $3.4 billion of commitments maturing on April 22, 2027, $0.1 bill with JPMorgan Chase Bank, N.A., as administrative agent maturing April 20, 2029.

Instrument: credit facility
Principal: $25 million of commitments maturing on April 26, 2026, $3.4 billion of commitments maturing on April 22, 2027, $0.1 bill
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Maturity: April 20, 2029
Event: amendment

Exact text from the filing

er 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 22, 2024, 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

311 debt financings filed in the last 30 days. Browse all debt financings →

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Source: SEC EDGAR

accession 0000037996-24-000071

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