Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
AMERICAN HONDA FINANCE CORP incurred credit facility of C$2,000,000,000 ($1,472,428,771) with Canadian Imperial Bank of Commerce at prime rate plus an applicable margin maturing up to C$1,000,000,000 on a one year revolving basis and up to C$1,000,000,000 on a five-year revolving basis.
- Instrument
- credit facility
- Principal
- C$2,000,000,000 ($1,472,428,771)
- Counterparty
- Canadian Imperial Bank of Commerce
- Rate
- prime rate plus an applicable margin
- Maturity
- up to C$1,000,000,000 on a one year revolving basis and up to C$1,000,000,000 on a five-year revolving basis
- Event
- incurrence
Exact text from the filing
On March 25, 2024, Honda Canada Finance Inc. (“HCFI”), a subsidiary of American Honda Finance Corporation, entered into its C$2,000,000,000 ($1,472,428,771) Third Amended and Restated Credit Agreement, among HCFI, as the borrower, the lenders party thereto, and Canadian Imperial Bank of Commerce, as administrative agent
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
AMERICAN HONDA FINANCE CORP entered into Third Amended and Restated Credit Agreement with Canadian Imperial Bank of Commerce, as administrative agent, joint bookrunner and co-lead arranger; RBC Capital Markets, as joint bookrunner and co-lead arranger; BMO Capital Markets, as joint bookrunner and co-lead arranger; The Toronto-Dominion Bank, as co-arranger and co-syndication agent; MUFG B valued at C$2,000,000,000 ($1,472,428,771) (effective 2024-03-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Canadian Imperial Bank of Commerce, as administrative agent, joint bookrunner and co-lead arranger; RBC Capital Markets, as joint bookrunner and co-lead arranger; BMO Capital Markets, as joint bookrunner and co-lead arranger; The Toronto-Dominion Bank, as co-arranger and co-syndication agent; MUFG B
- Value
- C$2,000,000,000 ($1,472,428,771)
- Effective
- 2024-03-25
Exact text from the filing
On March 25, 2024, Honda Canada Finance Inc. (“HCFI”), a subsidiary of American Honda Finance Corporation, entered into its C$2,000,000,000 ($1,472,428,771) Third Amended and Restated Credit Agreement, among HCFI, as the borrower, the lenders party thereto, and Canadian Imperial Bank of Commerce, as administrative agent, joint bookrunner and co-lead arranger, RBC Capital Markets, as joint bookrunner and co-lead arranger, BMO Capital Markets, as joint bookrunner and co-lead arranger, The Toronto-Dominion Bank, as co-arranger and co-syndication agent, MUFG Bank, Ltd., Canada Branch, as co-arranger and co-syndication agent, Bank of Montreal, as co-syndication agent, Royal Bank of Canada, as co-syndication agent, Mizuho Bank, Ltd., Canada Branch, as documentation agent (the “Credit Agreement”).
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