Lockheed Martin enters $3.0B 364-day unsecured revolving credit facility expiring Dec 2026

LOCKHEED MARTIN CORP

Facility size: $3.0 billion unsecured, matures December 4, 2026, with option to extend as term loans to Dec 2027.
Pricing based on credit ratings: Term SOFR margin ranges 0.585%–1.085% per annum; facility fee 0.04%.
No borrowings were made at closing; facility supports general corporate purposes including commercial paper backstop.
Lenders include JPMorgan, Citibank, Crédit Agricole, Mizuho, Wells Fargo; BofA serves as administrative agent.
Customary covenants, representations, and events of default; includes a $300M judgment threshold for acceleration.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

LOCKHEED MARTIN CORP entered into 364-Day Revolving Credit Agreement with the lenders listed therein valued at $3.0 billion (effective 2025-12-05).

Action: entry
Agreement: credit facility
Counterparty: the lenders listed therein
Value: $3.0 billion
Effective: 2025-12-05

Exact text from the filing

On December 5, 2025, Lockheed Martin Corporation (the “Company”) entered into a new 364-Day Revolving Credit Agreement (the “364-Day Revolving Credit Agreement”), among the Company, as borrower, the lenders listed therein (the “Lenders”), JPMorgan Chase Bank, N.A., as syndication agent, Citibank, N.A., Crédit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association, as documentation agents, and Bank of America, N.A. (“BofA”), as administrative agent. The 364-Day Revolving Credit Agreement consists of a $3.0 billion 364-day unsecured revolving credit facility.

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Source: SEC EDGAR

accession 0001193125-25-312904

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