Ford Motor Company Announces Amendments to Credit Agreements

Details

The amendments include the Twenty-Second Amendment to the Credit Agreement, the Seventh Amendment to the Revolving Credit Agreement, and the Fourth Amendment to the 364-Day Revolving Credit Agreement. These amendments were made to adjust the terms of the existing credit facilities and to maintain the same level of commitments for revolving credit. The new terms include adjustments to the maturity dates and the addition of sustainability-linked interest rates.

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About Ford Motor Company

Ford Motor Company, a prominent entity in the automotive sector, is renowned for designing, manufacturing, and selling a full line of trucks, utility vehicles, and cars, domestically and internationally. This esteemed company, founded in 1903 and headquartered in Dearborn, Michigan, also holds a significant presence in the automotive financial services landscape through Ford Credit. Ford’s commitment to innovation is evident in its push towards sustainable and smart vehicles, including the development of electric and autonomous driving technologies. As a key player in the automotive industry, Ford impacts several sectors, including manufacturing, transportation, and energy. Its operations influence global supply chains, employment, and economic health. The company's broad market reach, storied history, and strategic emphasis on future mobility solutions reinforce its integral role in the automotive market's advancement and evolution.