Lockheed Martin added a $2.25 billion unsecured revolving Credit Facility maturing on August 23, 2027, with an option to extend borrowings as term loans to August 23, 2028. The facility supports lawful corporate purposes, including Commercial Paper borrowings, while no borrowings were made at closing.

Key Highlights

  • Lockheed Martin terminated its prior revolving agreement without incurring early termination penalties.
  • Term SOFR margins range from 0.585% to 1.085% based on senior unsecured long-term Debt credit ratings.
  • Lockheed Martin established a $2.25 billion unsecured revolving credit facility for lawful corporate purposes, including support for commercial paper borrowings.
  • No borrowings were made at closing, and the facility matures on August 23, 2027.

New Revolving Credit Facility

Lockheed Martin Corporation established a $2.25 billion unsecured revolving credit facility for lawful corporate purposes. The facility can also support commercial paper borrowings, giving the company an identified source of credit connected with those borrowings. No borrowings were made at closing, so the article describes the facility as available rather than drawn when the agreement became effective.

Agreement Date and Maturity

The agreement was entered into on August 24, 2026. Its revolving credit facility matures on August 23, 2027, establishing the period during which the stated facility is available under the new terms.

Administrative Agent

Bank of America, N.A. serves as administrative agent under the agreement. The article identifies the bank’s administrative-agent role but does not provide additional details about other participating lenders, fees, covenants or commitment allocations. The agreement therefore establishes the facility’s principal structure and agent relationship without further terms described here.

Prior Agreement Terminated

The prior revolving credit agreement was dated December 5, 2025. It had been scheduled to end on December 4, 2026, but was terminated in connection with the new borrowing arrangement. The termination occurred without early termination penalties, according to the article.

Available Borrowing Options

Borrowings under the agreement may use the Base Rate, Term SOFR, Daily Simple SOFR or competitive-bid pricing. These alternatives describe the pricing methods available for borrowing under the facility.

Term Loan Payment Date

The article states that those term loans would be payable on August 23, 2028. This date is separate from the revolving credit facility’s August 23, 2027, Maturity date. The provided information does not explain the amount, timing or specific circumstances of any term loans, but it identifies the stated payment date.

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