Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.98
FREEPORT-MCMORAN INC incurred revolving credit of $3.0 billion with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto at Term Secured Overnight Financing Rate or the Alternate Base Rate, plus a spread maturing May 14, 2031.
- Instrument
- revolving credit
- Principal
- $3.0 billion
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto
- Rate
- Term Secured Overnight Financing Rate or the Alternate Base Rate, plus a spread
- Maturity
- May 14, 2031
- Event
- incurrence
Exact text from the filing
lenders and issuing banks party thereto entered into a new revolving credit agreement (the New Revolving Credit Facility). The New Revolving Credit Facility replaced FCX’s prior $3.0 billion senior unsecured revolving credit facility, dated as of October 19, 2022 which was scheduled to mature in October 2027. The prior credit facility had a $500 million limit on
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FREEPORT-MCMORAN INC entered into New Revolving Credit Facility with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto valued at $3.0 billion (effective 2026-05-14).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto
- Value
- $3.0 billion
- Effective
- 2026-05-14
Exact text from the filing
On May 14, 2026, Freeport-McMoRan Inc. (FCX) and PT Freeport Indonesia (PTFI), a subsidiary of FCX, as borrowers, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto entered into a new revolving credit agreement (the New Revolving Credit Facility).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FREEPORT-MCMORAN INC terminated prior $3.0 billion senior unsecured revolving credit facility with JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto valued at $3.0 billion (effective 2026-05-14).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A., as syndication agent, and each of the lenders and issuing banks party thereto
- Value
- $3.0 billion
- Effective
- 2026-05-14
Exact text from the filing
The New Revolving Credit Facility replaced FCX’s prior $3.0 billion senior unsecured revolving credit facility, dated as of October 19, 2022 which was scheduled to mature in October 2027.
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