secwatch.observer — SEC 8-K summary
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Issuer:     FORD MOTOR CO (F)
CIK:        0000037996
Form:       8-K
Filed at:   2026-05-21T10:45:27+00:00
Accession:  0000037996-26-000093
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ford assumes $3.805B DOE loan for Kentucky battery plant, exits BlueOval SK JV
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- Ford redeemed its membership interest in BlueOval SK (BOSK) and terminated its $6.6B capital contribution commitment.
- Ford subsidiary FEB acquired BOSK's two Kentucky battery plants, subject to existing DOE liens.
- Ford assumed a $3,805,040,000 promissory note from DOE at 4.814% interest, maturing July 15, 2040.
- Quarterly interest-only payments through Jan 15, 2030, then principal and interest payments through 2040.
- Loan covenants include liquidity minimum of $4B and cross-default triggers at $1B indebtedness.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/37996/000003799626000093/0000037996-26-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/37996/000003799626000093/f-20260520.htm
  HTML page:      https://secwatch.observer/filing/0000037996-26-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer