Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
BORGWARNER INC amended revolving credit of up to $2.0 billion with Bank of America, N.A., as administrative agent at varying rates based upon (i) the type of borrowing under the Credit Facility and maturing September 22, 2028.
- Instrument
- revolving credit
- Principal
- up to $2.0 billion
- Counterparty
- Bank of America, N.A., as administrative agent
- Rate
- varying rates based upon (i) the type of borrowing under the Credit Facility and
- Maturity
- September 22, 2028
- Event
- amendment
Exact text from the filing
On September 22, 2023, BorgWarner Inc. (the “Company”) entered into a Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and other lenders under which the lenders committed to provide loans under an unsecured revolving credit facility (the “Credit Facility”) in an initial maximum principal amount of up to $2.0 billion.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
BORGWARNER INC amended Fifth Amended and Restated Credit Agreement with Bank of America, N.A. valued at $2.0 billion revolving credit facility; can be increased by up to $1.0 billion (effective 2023-09-22).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $2.0 billion revolving credit facility; can be increased by up to $1.0 billion
- Effective
- 2023-09-22
Exact text from the filing
On September 22, 2023, BorgWarner Inc. (the “Company”) entered into a Fifth Amended and Restated Credit Agreement (the “Credit Agreement”) with Bank of America, N.A., as administrative agent, and other lenders under which the lenders committed to provide loans under an unsecured revolving credit facility (the “Credit Facility”) in an initial maximum principal amount of up to $2.0 billion.
View on SEC.gov