• Ford entered into a Loan Arrangement and Reimbursement Agreement with the U.S. Department of Energy tied to its takeover of obligations on a USD 3.81 billion promissory note linked to a Kentucky EV battery plant.
• The agreement followed the May 20, 2026 closing of a joint venture disposition that redeemed Ford’s stake in BlueOval SK, ended its commitment to contribute up to USD 6.6 billion of capital through 2026, released it from a 50% guarantee of the prior DOE-backed loan, and transferred ownership of the two Kentucky plants to a Ford unit subject to DOE liens.
• The loan carries a 4.814% annual interest rate with quarterly interest-only payments through Jan. 15, 2030.
• Quarterly principal and interest payments start April 15, 2030, running through July 15, 2040.
• The financing includes a liquidity covenant requiring available liquidity to stay above USD 4 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ford Motor Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000037996-26-000093), on May 21, 2026, and is solely responsible for the information contained therein.