FORD MOTOR CO (F): debt financing — Ford closes $3.0B unsecured term loan facility with JPMorgan

FORD MOTOR CO

$3.0B commitments available through July 28, 2026; loans mature December 31, 2028.
Interest based on Daily Simple SOFR plus margin; no sustainability-linked adjustment.
No material adverse change conditions or credit rating triggers to limit draw ability.
Liquidity covenant requires Ford to maintain at least $4B in domestic cash/securities/availability.
Standard covenants; subsidiary guarantees required if Ford loses two investment-grade ratings.

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 incurred credit facility of $3.0 billion of commitments with JPMorgan Chase Bank, N.A., as administrative agent at Daily Simple SOFR loans (or an alternative base rate) subject to an applicable m maturing December 31, 2028.

Instrument: credit facility
Principal: $3.0 billion of commitments
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Rate: Daily Simple SOFR loans (or an alternative base rate) subject to an applicable m
Maturity: December 31, 2028
Event: incurrence

Exact text from the filing

N.A., as administrative agent. The Credit Agreement is attached hereto as Exhibit 10 and is incorporated by reference herein. Under the Credit Agreement, lenders have provided $3.0 billion of commitments, which are available to Ford through July 28, 2026. Any unused commitments under the Credit Agreement will automatically terminate after that date, and any loans

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Source: SEC EDGAR

accession 0000037996-25-000143

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