International Business Machines Corporation
IBM Extends Credit Agreements
Summary
On June 17, 2024, IBM extended the maturities of its $2.5 billion Three-Year Credit Agreement and its $7.5 billion Five-Year Credit Agreement by one year to June 20, 2027, and June 22, 2029, respectively. The terms of these agreements remain unchanged. Confirmations of these extensions are filed as Exhibits 10.1 and 10.2.
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Exhibits (2)
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About International Business Machines Corporation
International Business Machines Corporation, commonly known as IBM, is a global technology and consulting company primarily known for its enterprise solutions. IBM operates in various segments including cloud computing, artificial intelligence (AI), blockchain, and quantum computing, providing critical infrastructure to businesses and governments worldwide. A pivotal player in the IT services industry, IBM offers software products like Watson, a powerful AI system, and collaborates on large-scale data management and analytics projects. IBM is also heavily involved in the IT consulting sector, helping organizations modernize operations through digital transformation initiatives. Headquartered in Armonk, New York since its founding in 1911, the company has been instrumental in driving advancements in computing technology. IBM's contributions significantly impact sectors ranging from healthcare to finance, making it an integral entity within the tech industry and global economy.
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