Financing ·
IBM extends $2.5B Three-Year Credit Agreement to June 2029 and $7.5B Five-Year Credit Agreement to June 2031
IBMInternational Business Machines Corp
International Business Machines Corporation (IBM) has extended the maturity of its $2.5 billion Three-Year Credit Agreement and its $7.5 billion Five-Year Credit Agreement by one year, moving the maturity dates to June 20, 2029, and June 22, 2031, respectively. The terms of the existing agreements with JPMorgan Chase Bank, N.A. and other syndication agents, involving a period of one-year maturity extensions, provided by financial institutions, remain unchanged. IBM is a global technology company providing hybrid cloud and AI solutions.