Item 2.03. Creation of Direct Financial Liability or Liability under Off-Balance Arrangements of Registrants.
On June 23, 2022, Ford Motor Company (“Ford” or the “Company”) entered into the Nineteenth Amendment (“Nineteenth Amendment”) to its Credit Agreement dated as of December 15, 2006as amended and restated on November 24, 2009as amended and restated on April 30, 2014as amended and restated on
April 30, 2015and as further amended and restated on 29 September 2021 (as amended, added to, or modified from time to time before June 23, 2022“Existing Credit Agreement”) among wade throughsubsidiary borrowers from time to time parties, multiple lenders from time to time parties,
JPMorgan Chase Bank, NA., as an administrative agent, and other agents. The Nineteenth Amendment is attached here as Exhibit 10.1 and incorporated by reference herein.
As a result of the Nineteenth Amendment, the Existing Credit Agreement has been amended effective since: June 23, 2022. Prior to the Nineteenth Amendment, lenders held $3.4 billion of commitments due on September 29, 2024 and
$10.1 billion of commitments due on September 29, 2026. As a result of the Nineteenth Amendment, lenders have $3.4 billion of commitments due on 23 June 2025 and $10.1 billion of commitments due on June 23, 2027.
Also active June 23, 2022, wade through signed the Fourth Amendment (“Additional Fourth Amendment”) to its Revolving Credit Agreement dated from 23 April 2019as amended and restated on 29 September 2021 (as amended, added to, or modified from time to time before June 23, 2022“Additional Existing Revolving Credit Agreement”) among wade throughsome lenders from time to time the party, JPMorgan Chase Bank, NA., as an administrative agent, and other agents. The Additional Fourth Amendment is attached here as Exhibit 10.2 and incorporated by reference herein.
As a result of the Fourth Additional Amendment, the Existing Additional Revolving Credit Agreement has been amended effective since June 23, 2022. Prior to the Fourth Amendment Supplement, the lender held a revolving commitment of $2.0 billionall of which are due on September 29, 2024. As a result of the Additional Fourth Amendment, the lender has maintained the same level of total commitment as $0.1 billion of commitments due on September 29, 2024 and $1.9 billion of commitments due on 23 June 2025.
Also active June 23, 2022, wade through signed a 364-Day Revolving Credit Agreement (“364-Day Revolving Credit Agreement”) between wade throughsome lenders from time to time the party, JPMorgan Chase Bank, NA., as an administrative agent, and other agents. The 364-Day Revolving Credit Agreement is attached herein as Exhibit 10.3 and is incorporated by reference herein. Lenders under a 364-Day Revolving Credit Agreement have provided $1.75 billion
of commitment to wade through with due date June 22, 2023.
On June 23, 2022lender under Revolving Credit Agreement 364 Days forward to wade through$750 millionwhich, along with $750 million Company cash, used to pay in full in advance $1.5 billion awesome below Ford Term Loan Credit Agreement (“Term Loan Credit Agreement”) dated as of 23 April 2019between wade throughsome lenders from time to time participate, and JPMorgan Chase Bank, NA., as an administrative agent. The maturity date of the Term Loan Agreement is December 31, 2022.
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Item 9.01. Financial Reports and Exhibitions.
EXHIBITS
Designation Description Method of Filing
Exhibit 10.1 Nineteenth Amendment dated June 23, 2022 to Filed with this Report
the Credit Agreement dated as of December 15, 2006,
as amended and restated as of November 24, 2009,
as amended and restated as of April 30, 2014,
as amended and restated as of April 30, 2015,
as amended and restated as of September 29, 2021
Exhibit 10.2 Fourth Amendment dated June 23, 2022 to Filed with this Report
the Revolving Credit Agreement dated as of April
23, 2019,
as amended and restated as of September 29, 2021
364-Day Revolving Credit Agreement dated June 23,
Exhibit 10.3 2022 Filed with this Report
Exhibit 104 Cover Page Interactive Data File *
(formatted in Inline XBRL)
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