---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-21-132370"
form_type: "8-K"
ticker: "KD"
cik: "0001867072"
company_name: "Kyndryl Holdings, Inc."
filed_at: "2021-11-01T23:59:59+00:00"
generated_at: "2026-06-28T15:54:00.330450+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Kyndryl enters $1.1B receivables purchase agreement with Banco Santander

## Summary
- Up to $1.1B of trade receivables may be sold on a revolving basis to Santander or affiliates.
- Initial term is 18 months; sales begin in US in October, expand globally by Q4 2021.
- Transfers treated as sales for accounting; Kyndryl provides a performance guarantee.
- Agreement amends and restates prior Sep 30, 2021, receivables purchase agreement.

## SEC filing metadata
- accession: 0001104659-21-132370
- form_type: 8-K
- ticker: KD
- cik: 0001867072
- company_name: Kyndryl Holdings, Inc.
- filed_at: 2021-11-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1867072/000110465921132370/0001104659-21-132370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1867072/000110465921132370/tm2130563d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-21-132370
- JSON: https://secwatch.observer/filing/0001104659-21-132370.json
- Plain text: https://secwatch.observer/filing/0001104659-21-132370.txt

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