---
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"
generated_at: "2026-06-10T09:59:08.635469+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BorgWarner enters $2.0B unsecured revolver maturing 2028, replaces prior facility

## Summary
- $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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-103177
- JSON: https://secwatch.observer/filing/0001104659-23-103177.json
- Plain text: https://secwatch.observer/filing/0001104659-23-103177.txt

## Key facts
- Debt Financings
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/908255/000110465923103177/0001104659-23-103177-index.htm
- Material Agreements
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/908255/000110465923103177/0001104659-23-103177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.