Motorola Solutions amends credit agreement to replace LIBOR with SOFR benchmark

Motorola Solutions, Inc.

Entered into First Amendment to Revolving Credit Agreement on February 8, 2023.
Interest rate benchmark changed from LIBOR to SOFR (Adjusted Term SOFR Rate and Adjusted Daily Simple SOFR).
Commitment amount of $2.25 billion and all other material terms unchanged.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Motorola Solutions, Inc. amended First Amendment with JPMorgan Chase Bank, N.A., as administrative agent (effective 2023-02-08).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Effective: 2023-02-08

Exact text from the filing

On February 8, 2023, Motorola Solutions, Inc. (the “Company”) entered into the First Amendment (the “Amendment”) to the Revolving Credit Agreement, dated as of March 24, 2021 (as amended, amended and restated, supplemented or otherwise modified from time to time prior to the date of the Amendment, the “Credit Agreement”) by and among the Company, JPMorgan Chase Bank, N.A., as administrative agent, and the several lenders and agents party thereto.

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Motorola Solutions, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-032815

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