---
schema_version: "secwatch.filing_event.v1"
accession: "0000831259-26-000027"
form_type: "8-K"
ticker: "FCX"
cik: "0000831259"
company_name: "FREEPORT-MCMORAN INC"
filed_at: "2026-05-20T20:17:13+00:00"
generated_at: "2026-05-20T20:21:27.179350+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Freeport-McMoRan enters new $3B revolver maturing May 14, 2031

## Summary
- New $3.0B senior unsecured revolving credit facility replaces prior $3.0B facility due Oct 2027.
- Facility matures May 14, 2031; PTFI borrowing sublimit remains $500M.
- No borrowings outstanding; ~$5M in letters of credit rolled over from prior facility.
- Financial covenant: total leverage ratio not to exceed 3.75:1.00 (unchanged from prior facility).

## SEC filing metadata
- accession: 0000831259-26-000027
- form_type: 8-K
- ticker: FCX
- cik: 0000831259
- company_name: FREEPORT-MCMORAN INC
- filed_at: 2026-05-20T20:17:13+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/831259/000083125926000027/0000831259-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/831259/000083125926000027/fcx-20260514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000831259-26-000027
- JSON: https://secwatch.observer/filing/0000831259-26-000027.json
- Plain text: https://secwatch.observer/filing/0000831259-26-000027.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/831259/000083125926000027/0000831259-26-000027-index.htm
- Material Agreements
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/831259/000083125926000027/0000831259-26-000027-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/831259/000083125926000027/0000831259-26-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.