---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080704"
form_type: "8-K"
ticker: null
cik: "0000864270"
company_name: "AMERICAN HONDA FINANCE CORP"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T06:50:24.481283+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Honda Canada Finance enters into C$2B credit facility, replacing prior agreement

## Summary
- New C$2B (US$1.47B) credit agreement with C$1B one-year and C$1B five-year revolving tranches for general corporate purposes.
- No amounts drawn on the facility as of March 25, 2024.
- Agreement replaces a prior C$2B credit agreement that terminated on the same date; no amounts outstanding at termination.
- Conditions include Honda Motor Co. maintaining at least 80% ownership of HCFI and keep-well agreement validity.
- Applicable margins tied to borrower's debt ratings; ranges from 0.60% to 1.20% for CORRA loans and 0.06% to 0.24% undrawn fees.

## SEC filing metadata
- accession: 0001193125-24-080704
- form_type: 8-K
- cik: 0000864270
- company_name: AMERICAN HONDA FINANCE CORP
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/864270/000119312524080704/0001193125-24-080704-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/864270/000119312524080704/d796711d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080704
- JSON: https://secwatch.observer/filing/0001193125-24-080704.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080704.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/864270/000119312524080704/0001193125-24-080704-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/864270/000119312524080704/0001193125-24-080704-index.htm

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