Ford Motor Company (NYSE: F) amended four credit agreements on April 15, 2026, extending maturity dates and modifying terms across $21 billion in lending commitments.

The automaker's primary credit agreement was amended to extend $3.4 billion in commitments from April 17, 2028 to April 13, 2029, and $10.1 billion in commitments from April 17, 2030 to April 15, 2031. JPMorgan Chase Bank serves as administrative agent for the facility.

Ford also extended its $2 billion supplemental revolving credit agreement from April 17, 2028 to April 13, 2029. A separate $2.5 billion 364-day revolving credit facility was extended from April 16, 2026 to April 14, 2027.

The company modified its $3 billion term loan credit agreement to extend availability from July 28, 2026 to December 31, 2026. Unused commitments will terminate after that date, with any drawn loans maturing on December 31, 2028.

The amendments removed sustainability-linked targets that previously affected applicable margins and facility fees under three of the credit agreements. All facilities remain unsecured, with Ford guaranteeing subsidiary borrower obligations.

Interest rates on U.S. dollar borrowings are based on Daily Simple SOFR loans or an alternative base rate, plus applicable margins. The agreements include a liquidity covenant requiring Ford to maintain minimum $4 billion in domestic cash, cash equivalents, marketable securities, or availability under the credit agreements.

The credit facilities contain standard covenants including financial reporting requirements, limitations on mergers and liens, and requirements for subsidiary guarantees if Ford fails to maintain at least two investment grade ratings from major rating agencies.