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Material Agreement · New Debt / Obligation

Filed Apr 22, 2024 · 2y ago · Accession 0000037996-24-000071

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report: April 22, 2024 (Date of earliest event reported) FORD MOTOR CO MPANY (Exact name of registrant as specified in its charter) Delaware (State or other jurisdiction of incorporation) 1-3950 38-0549190 (Commission File Number) (IRS Employer Identification No.) One American Road Dearborn, Michigan 48126 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code 313 - 322-3000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act     (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act      (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class  Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $.01 per share F New York Stock Exchange 6.200% Notes due June 1, 2059 FPRB New York Stock Exchange 6.000% Notes due December 1, 2059 FPRC New York Stock Exchange 6.500% Notes due August 15, 2062 FPRD New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Item 1.01. Entry into a Material Definitive Agreement . Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant . On April 22, 2024, Ford Motor Company (“Ford” or “Company”) entered into the Twenty-First Amendment (the “Twenty-First Amendment”) to its 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, and as further amended and restated as of September 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 22, 2024, the “Existing Credit Agreement”) among Ford, the subsidiary borrowers from time to time party thereto, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto. The Twenty-First Amendment is attached hereto as Exhibit 10.1 and is incorporated by reference herein. As a result of the Twenty-First Amendment, the Existing Credit Agreement has been amended effective as of April 22, 2024. Prior to the Twenty-First Amendment, lenders held $3.4 billion of commitments maturing on April 26, 2026 and $10.1 billion of commitments maturing on April 26, 2028. As a result of the Twenty-First Amendment, lenders have $25 million of commitments maturing on April 26, 2026, $3.4 billion of commitments maturing on April 22, 2027, $0.1 billion of commitments maturing on April 26, 2028, and $10.0 billion of commitments maturing on April 20, 2029. Also on April 22, 2024, Ford entered into the Sixth Amendment (the “Supplemental Sixth Amendment”) to its Revolving Credit Agreement dated as of April 23, 2019, as amended and restated as of September 29, 2021 (as amended, supplemented, or otherwise modified from time to time prior to April 22, 2024, the “Existing Supplemental Revolving Credit Agreement”) among Ford, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto. The Supplemental Sixth Amendment is attached hereto as Exhibit 10.2 and is incorporated by reference herein. As a result of the Supplemental Sixth Amendment, the Existing Supplemental Revolving Credit Agreement has been amended effective as of April 22, 2024. Prior to the Supplemental Sixth Amendment, lenders held revolving commitments totaling $2.0 billion, with $0.1 billion of commitments maturing on September 29, 2024 and $1.9 billion of commitments maturing on April 26, 2026. As a result of the Supplemental Sixth Amendment, lenders have maintained the same level of total commitments with $2.0 billion of commitments maturing on April 22, 2027. Also on April 22, 2024, Ford entered into the Third Amendment (the “364-Day Third Amendment”) to its 364-Day Revolving Credit Agreement dated as of June 23, 2022 (as amended, supplemented, or otherwise modified from time to time prior to April 22, 2024, the “Existing 364-Day Revolving Credit Agreement”) among Ford, the subsidiary borrowers from time to time party thereto, the several lenders from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, and the other agents party thereto. The 364-Day Third Amendment is attached hereto as Exhibit 10.3 and is incorporated by reference herein. As a result of the 364-Day Third Amendment, the Existing 364-Day Revolving Credit Agreement has been amended effective as of April 22, 2024. Prior to the 364-Day Third Amendment, lenders held revolving commitments totaling $1.8 billion maturing on April 24, 2024. As a result of the 364-Day Third Amendment, lenders have $2.5 billion of commitments maturing on April 21, 2025. Item 9.01. Financial Statements and Exhibits . EXHIBITS Designation Description Method of Filing Exhibit 10.1 Twenty-First Amendment dated April 22, 2024 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 Sixth Amendment dated April 22, 2024 to Filed with this Report the Revolving Credit Agreement dated as of April 23, 2019, as amended and restated as of September 29, 2021 Exhibit 10.3 Third Amendment dated April 22, 2024 to Filed with this Report the 364-Day Revolving Credit Agreement dated June 23, 2022 Exhibit 104 Cover Page Interactive Data File * (formatted in Inline XBRL) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FORD MOTOR COMPANY (Registrant) Date: April 22, 2024 By: /s/ David J. Witten David J. Witten Assistant Secretary * Submitted electronically with this Report in accordance with the provisions of Regulation S-T.
Filing details
Ticker
F-PD
CIK
37996
Form type
8-K
Filing date
Apr 22, 2024
Report date
Apr 22, 2024
Document
f-20240422.htm
Size
3.6 MB