FORD MOTOR COMPANY (NYSE:F) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.
Obligation under an Off-Balance Sheet Arrangement of a
Registrant.
Thirteenth Amendment (the Thirteenth 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, and as further amended and restated as of April 30, 2015
(as amended, supplemented, or otherwise modified from time to
time prior to April 28, 2017, 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 Thirteenth Amendment is attached hereto
as Exhibit 10 and is incorporated by reference herein.
Agreement has been amended effective as of April 28, 2017.
commitments totaling $13.4 billion, with 75% of the commitments
maturing on April 30, 2021 and 25% of the commitments maturing on
April 30, 2019, and Ford had allocated $3 billion of commitments
to Ford Motor Credit Company LLC (Ford Credit). As a result of
the Thirteenth Amendment, lenders have maintained total revolving
commitments of $13.4 billion and the respective maturity dates
have been extended by one year to April 30, 2022 for 75% of the
commitments and to April 30, 2020 for 25% of the commitments. The
allocation of $3 billion of commitments to Ford Credit on an
irrevocable and exclusive basis remains in place.
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Designation
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Description
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Method of Filing
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Exhibit 10
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Thirteenth Amendment dated April 28, 2017 to the
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Filed with this Report
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Credit Agreement dated as of December 15, 2006,
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as amended and restated as of November 24, 2009,
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as amended and restated as of April 30, 2014,
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as amended and restated as of April 30, 2015,
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and as further amended
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About FORD MOTOR COMPANY (NYSE:F)
Ford Motor Company (Ford) is a global automotive and mobility company. The Company’s principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles, as well as Lincoln luxury vehicles. The Company operates in two sectors: Automotive and Financial Services. The Automotive sector includes North America, South America, Europe, Middle East & Africa, and Asia Pacific segments. Its Financial Services sector includes Ford Credit and Other Financial Services segments. Its vehicle brands include Ford, Ford-Lincoln and Lincoln. The Other Financial Services segment includes holding companies, real estate, and the financing of some Volvo vehicles in Europe. The Company has over 70 plants across the world. Through its wholly owned subsidiary Ford Motor Credit Company LLC (Ford Credit), it provides automotive financing products to and through automotive dealers throughout the world. FORD MOTOR COMPANY (NYSE:F) Recent Trading Information
FORD MOTOR COMPANY (NYSE:F) closed its last trading session up +0.01 at 11.48 with 50,203,741 shares trading hands.
