{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-072220","form_type":"8-K","ticker":"IBM","cik":"0000051143","company_name":"INTERNATIONAL BUSINESS MACHINES CORP","filed_at":"2023-06-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.887417+00:00","generated_at":"2026-06-13T23:22:49.309200+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"IBM extends $2.5B three-year and $7.5B five-year credit facilities by one year each","bullets":["Three-Year Credit Agreement maturity extended to June 20, 2026; Five-Year extended to June 22, 2028.","Total revolving commitments remain unchanged at $10B ($2.5B + $7.5B).","All other terms of the credit agreements unchanged; lenders include JPMorgan, BNP, Citibank, RBC.","Extensions effective June 15, 2023, per consent of existing lenders."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-072220","json":"https://secwatch.observer/filing/0001104659-23-072220.json","markdown":"https://secwatch.observer/filing/0001104659-23-072220.md","text":"https://secwatch.observer/filing/0001104659-23-072220.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/51143/000110465923072220/0001104659-23-072220-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/51143/000110465923072220/tm2318946d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T23:22:49.309200+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"10a941cc18a77f0d4a7f8195ac1fe914f67b510a","claim":"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).","evidence_excerpt":"(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”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/51143/000110465923072220/0001104659-23-072220-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Effective","value":"2023-06-15"}],"fact_type":"material_agreement"},{"claim_id":"62dbb465ab78f4ab27e136d1bb71b13fe125d473","claim":"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).","evidence_excerpt":"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”)","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/51143/000110465923072220/0001104659-23-072220-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"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"},{"label":"Effective","value":"2023-06-15"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}