Ford Motor Co. Files 8-K: Material Definitive Agreement

TL;DR

Ford signed a new material definitive agreement, likely a financial obligation. Details TBD.

AI Summary

On April 22, 2024, Ford Motor Company entered into a material definitive agreement related to a direct financial obligation. The filing does not specify the counterparty or the exact nature of the obligation, but it is categorized under Item 1.01 and Item 2.03 of the 8-K form.

Why It Matters

This filing indicates Ford has entered into a significant new financial agreement, which could impact its financial obligations and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a direct financial obligation, suggesting potential financial commitments or risks for Ford Motor Company.

Key Players & Entities

• FORD MOTOR CO (company) — Registrant
• April 22, 2024 (date) — Date of Report

FAQ

Key Financial Figures

• $3.4 billion — he Twenty-First Amendment, lenders held $3.4 billion of commitments maturing on April 26, 20
• $10.1 billion — mitments maturing on April 26, 2026 and $10.1 billion of commitments maturing on April 26, 20
• $25 million — he Twenty-First Amendment, lenders have $25 million of commitments maturing on April 26, 20
• $0.1 billion — commitments maturing on April 22, 2027, $0.1 billion of commitments maturing on April 26, 20
• $10.0 billion — itments maturing on April 26, 2028, and $10.0 billion of commitments maturing on April 20, 20
• $2.0 b — ers held revolving commitments totaling $2.0 billion, with $0.1 billion of commitments
• $1.9 billion — ents maturing on September 29, 2024 and $1.9 billion of commitments maturing on April 26, 20
• $2.0 billion — he same level of total commitments with $2.0 billion of commitments maturing on April 22, 20
• $1.8 billion — ers held revolving commitments totaling $1.8 billion maturing on April 24, 2024. As a result
• $2.5 billion — e 364-Day Third Amendment, lenders have $2.5 billion of commitments maturing on April 21, 20

Filing Documents

• f-20240422.htm (8-K) — 39KB
• exhibit101.htm (EX-10.1) — 1574KB
• exhibit102.htm (EX-10.2) — 722KB
• exhibit103.htm (EX-10.3) — 725KB
• 0000037996-24-000071.txt ( ) — 3665KB
• f-20240422.xsd (EX-101.SCH) — 4KB
• f-20240422_def.xml (EX-101.DEF) — 15KB
• f-20240422_lab.xml (EX-101.LAB) — 29KB
• f-20240422_pre.xml (EX-101.PRE) — 16KB
• f-20240422_htm.xml (XML) — 5KB

01. Entry into a Material Definitive Agreement

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 pa

01. Financial Statements and Exhibits

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.

View Full Filing

View this 8-K filing on SEC EDGAR