secwatch.observer — SEC 8-K summary
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Issuer:     LOCKHEED MARTIN CORP (LMT)
CIK:        0000936468
Form:       8-K
Filed at:   2022-08-24T23:59:59+00:00
Accession:  0000936468-22-000106
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Lockheed Martin enters $3.0B revolving credit facility maturing 2027
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- New $3.0B unsecured revolver matures Aug 24, 2027; can be increased to $3.5B.
- Replaces $3.0B facility from Aug 2021, which was undrawn and terminated without penalty.
- Borrowings bear interest at Base Rate, Term SOFR +0.10% + margin, or competitive bid.
- Covenant requires leverage ratio not exceed 65% of Debt to Debt + Stockholders' Equity.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/936468/000093646822000106/0000936468-22-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/936468/000093646822000106/lmt-20220824.htm
  HTML page:      https://secwatch.observer/filing/0000936468-22-000106

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