Form 8-K · Current report
Lockheed Martin 8-K, filed Aug 28, 2026
- Filed
- CIK
- 0000936468
- Accession no.
- 0001193125-26-371750
Summary
Lockheed Martin entered into a new $2.25 billion 364-day unsecured revolving credit facility, terminating its prior 364-day agreement with no early termination penalties and making no borrowings at closing, and extended the expiration of its existing $3.0 billion five-year revolving credit agreement by one year to August 24, 2031.
Key points
- Lockheed Martin entered a new $2.25 billion 364-day unsecured revolving credit facility on August 24, 2026, with Bank of America as administrative agent, and terminated its prior 364-day agreement scheduled to run to December 4, 2026, incurring no early termination penalties.
- No borrowings were made under the new facility at closing; it matures August 23, 2027, with an option to convert outstanding principal to non-revolving term loans for one additional year, payable August 23, 2028, subject to a 0.50% fee on the converted amount.
- Borrowings bear interest at Base Rate, Term SOFR, Daily Simple SOFR, or competitive bid rates, with a Term SOFR margin of 0.585% to 1.085% depending on Lockheed Martin's credit ratings and a 0.04% facility fee; the agreement has no financial maintenance covenant.
- Lockheed Martin also extended by one year, from August 24, 2030 to August 24, 2031, the expiration of its existing $3.0 billion revolving credit agreement dated August 24, 2022.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry Into a Material Definitive Agreement. 364-Day Revolving Credit Agreement On August 24, 2026, Lockheed Martin Corporation (the “Company”) entered into a new 364-Day Revolving Credit Agreement (the “364-Day Revolving Credit Agreement”), among the Company, as borrower, the lenders listed therein (the “Lenders”), JPMorgan Chase Bank, N.A., as syndication agent, Citibank, N.A., Crédit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd. and Wells Fargo Bank, National Association, as documentation agents, and Bank of America, N.A. (“BofA”), as administrative agent. …
An excerpt of the text as filed with the SEC, cut for length.
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