secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN HONDA FINANCE CORP (—)
CIK:        0000864270
Form:       8-K
Filed at:   2024-03-28T23:59:59+00:00
Accession:  0001193125-24-080704
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/864270/000119312524080704/0001193125-24-080704-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/864270/000119312524080704/d796711d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-080704

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