Ford guarantees 50% of BlueOval SK's $9.63B DOE loan for battery plants

FORD MOTOR CO

BlueOval SK (Ford 50/50 JV with SK On) entered DOE Loan Agreement for $9.63B to finance battery plants in TN and KY.
Ford agreed under SSA to guarantee 50% of BOSK's payment obligations under the DOE loan.
SSA includes liquidity covenant requiring Ford maintain at least $4B Available Liquidity.
Loan final maturity expected July 2040.

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