Item 1.01. Entry into a Material Definitive Agreement.
On
The Three-Year Amendment, among other things, replaces the London Interbank
Offered Rate ("LIBOR") interest rate provisions with customary provisions based
on the secured overnight financing rate ("SOFR") and extends the maturity of the
Existing Three-Year Credit Agreement to
In the ordinary course of their respective businesses, the Lenders and their affiliates have engaged, and may in the future engage, in commercial banking, investment banking, financial advisory or other services with the Borrowers for which they have in the past and/or may in the future receive customary compensation and expense reimbursement.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits Exhibit No. Description 10.1 Amendment No. 1 to Three-Year Credit Agreement dated as ofJune 30, 2022 , amongInternational Business Machines Corporation , the several banks and other financial institutions from time to time parties to such agreement andJPMorgan Chase Bank, N.A ., as Administrative Agent. 10.2 Amendment No. 1 to Five-Year Credit Agreement dated as ofJune 30, 2022 , amongInternational Business Machines Corporation , the several banks and other financial institutions from time to time parties to such agreement andJPMorgan Chase Bank, N.A ., as Administrative Agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL Document)
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