secwatch / observer
8-K filed June 16, 2023, 7:59 PM ET ticker IBM CIK 0000051143
debt confidence high sentiment neutral materiality 0.25

IBM extends $2.5B three-year and $7.5B five-year credit facilities by one year each

INTERNATIONAL BUSINESS MACHINES CORP

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

INTERNATIONAL BUSINESS MACHINES CORP amended Existing Five-Year Credit Agreement with the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, BNP Paribas, Citibank N.A. and Royal Bank of Canada, as Syndication Agents, and the Documentation Agents named therein (effective 2023-06-15).

Action
amendment
Agreement
credit facility
Counterparty
the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, BNP Paribas, Citibank N.A. and Royal Bank of Canada, as Syndication Agents, and the Documentation Agents named therein
Effective
2023-06-15
Exact text from the filing
(ii) extended the maturity of the existing $7.5 billion Five-Year Credit Agreement dated as of June 22, 2021 (as amended by Amendment No. 1 to Five-Year Credit Agreement, dated as of June 30, 2022, the “Existing Five-Year Credit Agreement”)
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

INTERNATIONAL BUSINESS MACHINES CORP amended Existing Three-Year Credit Agreement with the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, BNP Paribas, Citibank N.A. and Royal Bank of Canada, as Syndication Agents, and the Documentation Agents named therein (effective 2023-06-15).

Action
amendment
Agreement
credit facility
Counterparty
the several banks and other financial institutions from time to time parties thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, BNP Paribas, Citibank N.A. and Royal Bank of Canada, as Syndication Agents, and the Documentation Agents named therein
Effective
2023-06-15
Exact text from the filing
On June 15, 2023, International Business Machines Corporation (“IBM”) (i) extended the maturity of the existing $2.5 billion Three-Year Credit Agreement dated as of June 22, 2021 (as amended by Amendment No. 1 to Three-Year Credit Agreement, dated as of June 30, 2022, the “Existing Three-Year Credit Agreement”)
View on SEC.gov

Browse all material agreements →

INTERNATIONAL BUSINESS MACHINES CORP filing history →

Source: SEC EDGAR
accession 0001104659-23-072220
Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.