IBM Amends Credit Arrangements, Secures New $2.5B Facility

7/6/20

International Business Machines (IBM +0.1%) secures new $2.5B credit facility on a revolving basis for general corporate purposes as well as announces the change in its existing credit agreements in Form 8-K.

The maturity of the existing three-year $2.5B credit facility has been extended to July 20, 2023, while the change in five-year $10.25B credit agreement permits IBM to request an extension of the maturity by two years that has a current maturity of July 20, 2024.

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