Stocks
GlobalFoundries Secures $1.5 Billion Credit Facility with JPMorgan Chase
GlobalFoundries Inc (GFS) has secured a new $1.5 billion revolving credit facility with JPMorgan Chase as administrative agent. The agreement, entered into on August 21, 2026, will fund general corporate purposes and matures in 2031 with options for two one-year extensions. This new deal replaces the company's prior $1.0 billion revolving and $20 million letter of credit facilities due in October 2026.
The facility is available in U.S. dollars and euros and carries ratings-based interest margins tied to SOFR, EURIBOR or an alternate base rate. GlobalFoundries must maintain a maximum consolidated leverage ratio of 4.0 to 1, with a possible step-up to 4.5 to 1 under specified conditions.