secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2023-06-16T23:59:59+00:00
Accession:  0001104659-23-072220
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000110465923072220/0001104659-23-072220-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000110465923072220/tm2318946d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-072220

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