secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL BUSINESS MACHINES CORP (IBM)
CIK:        0000051143
Form:       8-K
Filed at:   2024-02-02T23:59:59+00:00
Accession:  0001104659-24-010040
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

IBM subsidiary IIC issues $5.5B in notes across seven tranches, guaranteed by IBM
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- IBM International Capital Pte. Ltd. issued $5.5B aggregate principal of notes; fully guaranteed by IBM.
- Tranches include 4.700% due 2026 ($600M), 4.600% due 2027 ($500M), 4.600% due 2029 ($500M), 4.750% due 2031 ($500M), 4.900% due 2034 ($1B), 5.250% due 2044 ($1B), and 5.300% due 2054 ($1.4B).
- Underwriters: Merrill Lynch, Citigroup, Goldman Sachs, J.P. Morgan, and HSBC Singapore branch.
- Closing expected Feb 5, 2024; indenture with Bank of New York Mellon as trustee.
- IBM can at its option assume IIC's obligations under the notes without holder consent.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51143/000110465924010040/0001104659-24-010040-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51143/000110465924010040/tm243984d7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-010040

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