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AI brief of an SEC Form 8-K · Lockheed Martin (LMT)

Lockheed Martin signs $3.0 billion 364-day revolving credit facility

Neutral Impact 2 of 5 financing Written later

Lockheed Martin entered into a new $3.0 billion 364-day unsecured revolving credit agreement on December 5, 2025, which can be used for general corporate purposes, including supporting commercial paper borrowings. No borrowings were made at closing. The facility matures December 4, 2026, with an option to convert outstanding borrowings into a one-year term loan.

Key points

  • Facility size: $3.0 billion unsecured revolving credit, dated December 5, 2025, with Bank of America as administrative agent
  • Maturity: December 4, 2026, with an option to extend outstanding borrowings as term loans payable December 4, 2027
  • Pricing: Term SOFR margin of 0.585% to 1.085% based on credit ratings; facility fee of 0.04% on commitments
  • No borrowings were drawn at closing; the filing lists a $300 million judgment threshold as one default trigger

The filing

CompanyLockheed Martin (LMT)
Form8-K, current report
Filed with the SECDec 9, 2025, 4:58 PM ET
Accession number0001193125-25-312904

Items reported: 1.01 Material Definitive Agreement

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 09, 2025.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.