secwatch.observer — SEC 8-K summary
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Issuer:     FREEPORT-MCMORAN INC (FCX)
CIK:        0000831259
Form:       8-K
Filed at:   2022-10-25T23:59:59+00:00
Accession:  0001193125-22-268354
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FCX enters new $3.0B revolving credit facility, replacing prior facility
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- Five-year unsecured revolving credit facility of up to $3.0B; PT-FI sublimit of $500M.
- Matures October 19, 2027; interest based on SOFR plus spread tied to credit ratings.
- Financial covenant: total leverage ratio not to exceed 3.75:1.0.
- As of Oct 24, 2022, no borrowings outstanding; only $8M letters of credit issued.
- Prior $3.0B revolving credit agreement dated April 2018 terminated.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/831259/000119312522268354/0001193125-22-268354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/831259/000119312522268354/d390643d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-268354

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