---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-187776"
form_type: "8-K"
ticker: "MP"
cik: "0001801368"
company_name: "MP Materials Corp. / DE"
filed_at: "2025-08-25T23:59:59+00:00"
generated_at: "2026-05-17T10:16:33.216344+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# MP Materials signs $275M revolver, $200M LC sublimit, 5-year term

## Summary
- $275M revolving credit facility with 5-year maturity from JPMorgan-led syndicate.
- Pricing: SOFR + 1.75%-2.50% margin; commitment fee 0.20%-0.35% on unused portion.
- Facility includes $200M letter of credit sublimit; secured by substantially all assets.
- Financial covenant: total leverage ≤ 4.00x and interest coverage ≥ 3.00x after trigger event.
- Proceeds for general corporate purposes, including working capital and capex.

## SEC filing metadata
- accession: 0001193125-25-187776
- form_type: 8-K
- ticker: MP
- cik: 0001801368
- company_name: MP Materials Corp. / DE
- filed_at: 2025-08-25T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1801368/000119312525187776/0001193125-25-187776-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1801368/000119312525187776/d15553d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-187776
- JSON: https://secwatch.observer/filing/0001193125-25-187776.json
- Plain text: https://secwatch.observer/filing/0001193125-25-187776.txt

## Key facts
- Debt Financings
  MP Materials Corp. / DE incurred revolving credit of $275.0 million with JPMorgan Chase Bank, N.A., as administrative agent at SOFR plus, as applicable, a margin ranging from 1.75% to 2.50% per annum maturing mature on the fifth anniversary of the Effective Date.
  - Instrument: revolving credit
  - Principal: $275.0 million
  - Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
  - Rate: SOFR plus, as applicable, a margin ranging from 1.75% to 2.50% per annum
  - Maturity: mature on the fifth anniversary of the Effective Date
  - Event: incurrence
  source text: The Credit Agreement provides for a 5-year, $275.0 million revolving credit facility for general corporate purposes (the “Revolving Credit Facility”) with a $200.0 million letter of credit facility sublimit.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1801368/000119312525187776/0001193125-25-187776-index.htm

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