Ford Motor lifts credit facility to $13.4 billion, extends maturities

By Marisa Wong

Madison, Wis., May 1 – Ford Motor Co. amended its credit agreement dated Dec. 15, 2006 to increase the lenders’ aggregate commitments to $13.4 billion from $12.2 billion, according to an 8-K filing with the Securities and Exchange Commission.

The amendment, completed on April 30, also extends the respective maturity dates by one year to April 30, 2020 for 75% of the commitments and to April 30, 2018 for 25% of the commitments.

In addition, the amended facility now includes two new sub-facilities denominated in Brazilian real and Chinese renminbi, respectively.

JPMorgan Chase Bank, NA is the administrative agent.

The automaker is based in Dearborn, Mich.

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