---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-049417"
form_type: "8-K"
ticker: "RTX"
cik: "0000101829"
company_name: "RTX Corp"
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T09:37:30.604923+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# RTX launches $10B accelerated share repurchase and $10B bridge loan

## Summary
- ASR agreements with Morgan Stanley, Citibank, Goldman Sachs for $10B aggregate; initial delivery of ~108.45M shares on Oct 26, 2023.
- Final share count based on VWAP during calculation period; final settlement by Q3 2024.
- Bridge Credit Agreement provides $10B senior unsecured loan to fund ASR; matures 364 days after funding date.
- Borrowings bear interest at SOFR plus 100-137.5 bps (or alternate base rate plus 0-37.5 bps), with step-ups and duration fees after 90/180/270 days.
- Board authorized share repurchase on Oct 21, 2023; company intends to refinance bridge with long-term debt.

## SEC filing metadata
- accession: 0001140361-23-049417
- form_type: 8-K
- ticker: RTX
- cik: 0000101829
- company_name: RTX Corp
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/101829/000114036123049417/0001140361-23-049417-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/101829/000114036123049417/ny20012953x1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-049417
- JSON: https://secwatch.observer/filing/0001140361-23-049417.json
- Plain text: https://secwatch.observer/filing/0001140361-23-049417.txt

## Key facts
- Debt Financings
  RTX Corp incurred credit facility of $10.0 billion with Citibank, N.A., as administrative agent at alternate base rate or the term Secured Overnight Financing Rate ("SOFR"), in ea maturing 364 days after the date loans are made.
  - Instrument: credit facility
  - Principal: $10.0 billion
  - Counterparty: Citibank, N.A., as administrative agent
  - Rate: alternate base rate or the term Secured Overnight Financing Rate ("SOFR"), in ea
  - Maturity: 364 days after the date loans are made
  - Event: incurrence
  source text: The Credit Agreement provides for $10.0 billion in senior unsecured bridge loan facilities, which will be available until and including November 3, 2023, to fund the ASR and pay related fees and expenses.
  evidence_url: https://www.sec.gov/Archives/edgar/data/101829/000114036123049417/0001140361-23-049417-index.htm

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