{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-103177","form_type":"8-K","ticker":"BWA","cik":"0000908255","company_name":"BORGWARNER INC","filed_at":"2023-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.979063+00:00","generated_at":"2026-06-10T09:59:08.635469+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"BorgWarner enters $2.0B unsecured revolver maturing 2028, replaces prior facility","bullets":["$2.0B unsecured revolving credit facility; may increase by up to $1.0B with lender consent.","Maturity date September 22, 2028, with extension options available upon lender approval.","Financial covenant: consolidated leverage ratio not to exceed 3.50x (3.75x temporarily for certain acquisitions).","No new borrowings at closing; no loans were outstanding under the prior credit agreement.","Proceeds for general corporate purposes; interest rates tied to credit ratings."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-103177","json":"https://secwatch.observer/filing/0001104659-23-103177.json","markdown":"https://secwatch.observer/filing/0001104659-23-103177.md","text":"https://secwatch.observer/filing/0001104659-23-103177.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/908255/000110465923103177/0001104659-23-103177-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/908255/000110465923103177/tm2326744d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:59:08.635469+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":"a67de5bae3eaaf7f5eccb658478da25f85a026eb","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/908255/000110465923103177/0001104659-23-103177-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $2.0 billion"},{"label":"Counterparty","value":"Bank of America, N.A., as administrative agent"},{"label":"Rate","value":"varying rates based upon (i) the type of borrowing under the Credit Facility and"},{"label":"Maturity","value":"September 22, 2028"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"},{"claim_id":"46eb77b93f56bf45f658ebf87de0ff3e3ab8dce4","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/908255/000110465923103177/0001104659-23-103177-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Bank of America, N.A."},{"label":"Value","value":"$2.0 billion revolving credit facility; can be increased by up to $1.0 billion"},{"label":"Effective","value":"2023-09-22"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}