---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-128978"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2021-10-22T23:59:59+00:00"
generated_at: "2026-06-28T18:54:29.249696+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Kyndryl enters $3.65B in credit facilities (revolver and term loan) post-IBM separation

## Summary
- $3.15B five-year revolving credit facility and $500M three-year term loan entered on Oct 18, 2021.
- Proceeds for general corporate purposes; term loan available up to three business days before separation from IBM.
- Interest rates based on prevailing market rates plus margin; customary covenants and events of default.
- IBM will guarantee term loan until separation date, then automatically released.

## SEC filing metadata
- accession: 0001104659-21-128978
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2021-10-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000110465921128978/0001104659-21-128978-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000110465921128978/tm2130563d2_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-128978
- JSON: https://secwatch.observer/filing/0001104659-21-128978.json
- Plain text: https://secwatch.observer/filing/0001104659-21-128978.txt

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