In March, Ford pulled $13.4 billion from its corporate credit facility — including the three-year corporate revolution it wants to extend — as well as $2 billion as part of its three-year additional loan facility for a total of $15.4 billion. The company first turned to its JP Morgan-led banking group in February to refinance $15.4 billion in revolving loans, but decided in March to use the facilities and postpone its refinancing plans due to deteriorating market conditions, two banking sources said at the time. The Company is leaving unchanged its additional $1.5 billion, fully funded loan, which matures on December 31, 2022, and the five-year business revolving line of credit of $10.05 billion, which matures on April 30, 2024. Customers were also ordered to “visit fordcreditsupport.com or call a special phone line – 1-800-723-4016 – to discuss options for potentially delayed payments. As of April 9, Ford had $34.6 billion in cash, including buybacks of revolving credits, and $8 billion in bond issues, according to submissions from the Securities and Exchange Commission (SEC). The company offers a spread of 225 Bp on libor, divided between a spread drawn from 175 Bp and an unused royalty of 50 Bp for the main company-related and complementary revolving credit facilities that will be extended, two sources said. Other lenders could agree to an extension before the deal ends on July 27. The company wants to finalize the extension before its July 30 conference call, a second source said. Ford placed the decision in the context of previous efforts to help customers in times of local and national disasters and forwarded customers to their “Account Manager profile either online under accountmanager.ford.com or through the company`s FordPass app.” The second-largest U.S. automaker had been in talks with its bank lenders since early July for a one-year extension of its $3.35 billion business revolving credit facility over three years and its additional $2 billion revolving credit facility over three years. The $3.35 billion major revolving credit facility for businesses over three years and the $2 billion three-year revolving credit facility will be due on April 30, 2022, according to SEC submissions. .