---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-126984"
form_type: "8-K"
ticker: "HII"
cik: "0001501585"
company_name: "HUNTINGTON INGALLS INDUSTRIES, INC."
filed_at: "2023-04-28T23:59:59+00:00"
generated_at: "2026-06-16T06:24:01.448210+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# HII amends revolving and term loan credit agreements to replace LIBOR with SOFR-based rate

## Summary
- Effective April 24, 2023, amended credit agreements replace LIBOR with Term SOFR (for revolving) and Daily Simple SOFR (for term loan).
- Interest rate margins remain at 1.375% (based on credit rating), with an additional 0.10% SOFR adjustment.
- Amendments apply to both the $1.5B revolving credit facility and the separate term loan facility.
- No changes to total commitments, maturity dates, or financial covenants.

## SEC filing metadata
- accession: 0001193125-23-126984
- form_type: 8-K
- ticker: HII
- cik: 0001501585
- company_name: HUNTINGTON INGALLS INDUSTRIES, INC.
- filed_at: 2023-04-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1501585/000119312523126984/0001193125-23-126984-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1501585/000119312523126984/d208874d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-126984
- JSON: https://secwatch.observer/filing/0001193125-23-126984.json
- Plain text: https://secwatch.observer/filing/0001193125-23-126984.txt

## Key facts
- Material Agreements
  HUNTINGTON INGALLS INDUSTRIES, INC. amended Amendment No. 1 to the Term Loan Credit Facility with JPMorgan Chase Bank, N.A. as administrative agent valued at Amended to replace LIBOR with SOFR plus 0.10% (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
  - Value: Amended to replace LIBOR with SOFR plus 0.10%
  - Effective: 2023-04-24
  source text: On April 24, 2023, the Company entered into: (i) Amendment No. 1 to the Amended and Restated Revolving Credit Facility (the “Amended and Restated Revolving Credit Facility Amendment”), and (ii) Amendment No. 1 to the Term Loan Credit Facility (the “Term Loan Credit Facility Amendment”). The Amended and Restated Revolving Credit Facility Amendment and the Term Loan Credit Facility Amendment amended the Amended and Restated Revolving Credit Facility and the Term Loan Credit Facility, respectively, to replace the variable interest rate at which outstanding amounts under such facility accrue from (x) the London Interbank Offered Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), to (y) the Secured Overnight Funding Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), plus .10%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1501585/000119312523126984/0001193125-23-126984-index.htm
- Material Agreements
  HUNTINGTON INGALLS INDUSTRIES, INC. amended Amendment No. 1 to the Amended and Restated Revolving Credit Facility with JPMorgan Chase Bank, N.A. as administrative agent valued at Amended to replace LIBOR with SOFR plus 0.10% (effective 2023-04-24).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: JPMorgan Chase Bank, N.A. as administrative agent
  - Value: Amended to replace LIBOR with SOFR plus 0.10%
  - Effective: 2023-04-24
  source text: On April 24, 2023, the Company entered into: (i) Amendment No. 1 to the Amended and Restated Revolving Credit Facility (the “Amended and Restated Revolving Credit Facility Amendment”), and (ii) Amendment No. 1 to the Term Loan Credit Facility (the “Term Loan Credit Facility Amendment”). The Amended and Restated Revolving Credit Facility Amendment and the Term Loan Credit Facility Amendment amended the Amended and Restated Revolving Credit Facility and the Term Loan Credit Facility, respectively, to replace the variable interest rate at which outstanding amounts under such facility accrue from (x) the London Interbank Offered Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), to (y) the Secured Overnight Funding Rate, plus a spread based upon the Company’s credit rating (currently 1.375%), plus .10%.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1501585/000119312523126984/0001193125-23-126984-index.htm

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