GLOBALFOUNDRIES secures $1.5B credit facility

Rhea-AI Filing Summary

GLOBALFOUNDRIES Inc. (GFS) entered into a new senior unsecured revolving credit agreement providing a $1,500,000,000 revolving credit facility available to the parent and two borrowing subsidiaries in U.S. Dollars or Euros. The facility matures on August 21, 2031, with options for up to two one-year extensions, and may be used for general corporate purposes.

Dollar loans will bear interest at either the Adjusted Term SOFR Rate + 1.000%–1.625% or the Alternate Base Rate + 0.000%–0.625%, while Euro loans bear Adjusted EURIBOR + 1.000%–1.625%. The company must maintain a maximum consolidated leverage ratio of 4.00:1.00, with a possible step-up to 4.50:1.00. On the same date, GLOBALFOUNDRIES terminated its prior $1,000,000,000 revolving and $20,000,000 letter of credit facilities, under which no amounts were outstanding at termination.

Filing Explained

On August 21, 2026, GLOBALFOUNDRIES entered a new revolving facility and unconditionally guaranteed all obligations of its two borrowing subsidiaries under it; the filing therefore places those subsidiary commitments under a parent guarantee.

Key Figures

Revolving Facility commitment amount: $1,500,000,000 Revolving Facility maturity date: August 21, 2031 Maximum consolidated leverage ratio: 4.00 to 1.00 +5 more

8 metrics

Revolving Facility commitment amount $1,500,000,000 Aggregate commitment under new senior unsecured revolving credit facility

Revolving Facility maturity date August 21, 2031 Stated maturity of new revolving credit facility

Maximum consolidated leverage ratio 4.00 to 1.00 Ongoing financial covenant under new Credit Agreement

Step-up consolidated leverage ratio 4.50 to 1.00 Permitted maximum leverage ratio under certain circumstances

Interest margin on USD SOFR loans 1.000% to 1.625% Ratings-based margin over Adjusted Term SOFR Rate

Interest margin on USD Alternate Base Rate loans 0.000% to 0.625% Ratings-based margin over Alternate Base Rate

Existing revolving facility amount $1,000,000,000 Aggregate commitment under terminated Revolving Facilities Agreement

Existing letter of credit facility amount $20,000,000 Aggregate commitment under terminated L/C facility

Key Terms

senior unsecured revolving credit facility, Adjusted Term SOFR Rate, Alternate Base Rate, Adjusted EURIBOR Rate, +1 more

5 terms

senior unsecured revolving credit facility financial

"The Credit Agreement provides for a senior unsecured revolving credit facility"

A senior unsecured revolving credit facility is a bank loan line that a company can draw, repay and redraw up to an agreed limit, similar to a company credit card. It is “senior” because lenders are paid before other creditors if the company fails, and “unsecured” because it isn’t backed by specific assets; investors watch it for signals about a company’s short-term cash flexibility, borrowing cost and financial risk.

Adjusted Term SOFR Rate financial

"Loans denominated in U.S. Dollars ... the Adjusted Term SOFR Rate"

Alternate Base Rate financial

"or (b) the Alternate Base Rate (as defined in the Credit Agreement)"

Adjusted EURIBOR Rate financial

"Loans denominated in Euros will bear interest ... Adjusted EURIBOR Rate"

consolidated leverage ratio financial

"requires the Company to maintain a maximum consolidated leverage ratio"

A consolidated leverage ratio measures a business group's total debt compared with its ability to pay, by using combined figures for the parent company and its subsidiaries. Think of it like comparing the total mortgage across all properties you own to your overall income or net worth; investors use it to judge how risky the company’s capital structure is and how vulnerable it may be to rising interest rates or income drops.

FAQ

What new credit facility did GLOBALFOUNDRIES Inc. (GFS) establish in August 2026?

GLOBALFOUNDRIES established a new senior unsecured revolving credit facility with an aggregate commitment of $1,500,000,000. It is available to the parent and two borrowing subsidiaries in U.S. Dollars or Euros and is intended for general corporate purposes.

When does the new GLOBALFOUNDRIES (GFS) revolving credit facility mature?

The new revolving credit facility for GLOBALFOUNDRIES matures on August 21, 2031. The company also has the option to request up to two one-year extensions, subject to the terms of the credit agreement.

What are the interest rates on GLOBALFOUNDRIES (GFS) new revolving credit facility?

U.S. Dollar loans bear interest at either the Adjusted Term SOFR Rate + 1.000%–1.625% or the Alternate Base Rate + 0.000%–0.625%. Euro loans bear interest at Adjusted EURIBOR + 1.000%–1.625%, with margins based on the company’s ratings.

What leverage covenant applies under the new GLOBALFOUNDRIES (GFS) credit agreement?

GLOBALFOUNDRIES must maintain a maximum consolidated leverage ratio of 4.00 to 1.00, with a potential step-up to 4.50 to 1.00 under certain circumstances, as specified in the credit agreement.

What credit facilities did GLOBALFOUNDRIES (GFS) terminate on August 21, 2026?

GLOBALFOUNDRIES terminated its existing $1,000,000,000 revolving credit facility and $20,000,000 letter of credit facility under the 2019 Revolving and L/C Facilities Agreement, which had a maturity date of October 13, 2026. No amounts were outstanding at termination.

Is the new GLOBALFOUNDRIES (GFS) revolving facility secured or unsecured?

The new GLOBALFOUNDRIES revolving credit facility is senior unsecured. Borrowings are not secured by specific collateral, and the company provides an unconditional guarantee of all obligations of the borrowing subsidiaries.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/27/2026 - 04:26 PM Accepted by SEC EDGAR 08/27/2026 - 04:26 PM Learn about SEC filing dates

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number 001-40974

GLOBALFOUNDRIES Inc.

400 Stonebreak Road Extension

Malta, NY 12020

Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

    Form 20-F ☒  Form 40-F ☐    

Other Events

On August 21, 2026, GLOBALFOUNDRIES Inc. (the “Company”) entered into a revolving credit agreement (the “Credit Agreement”) among the Company, GLOBALFOUNDRIES Singapore Pte. Ltd. and GLOBALFOUNDRIES U.S. Inc., as borrowing subsidiaries (the “Borrowing Subsidiaries”), the lenders from time to time party thereto (the “Lenders”), and JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent"). The Credit Agreement provides for a senior unsecured revolving credit facility in an aggregate commitment amount of $1,500,000,000 (the “Revolving Facility”). Loans under the Revolving Facility may be denominated in U.S. Dollars or Euros. The Revolving Facility matures on August 21, 2031, subject to the Company's option to request up to two one-year extensions. Borrowings under the Revolving Facility are unsecured and will be used for general corporate purposes. In addition, the Company provides an unconditional guarantee of all obligations of the Borrowing Subsidiaries under the Credit Agreement.

Loans denominated in U.S. Dollars under the Revolving Facility will bear interest at an annual rate of, at the applicable borrower's option, (a) the Adjusted Term SOFR Rate (as defined in the Credit Agreement) plus a ratings-based margin ranging from 1.000% to 1.625% or (b) the Alternate Base Rate (as defined in the Credit Agreement) plus a ratings-based margin ranging from 0.000% to 0.625%. Loans denominated in Euros will bear interest at an annual rate equal to the Adjusted EURIBOR Rate (as defined in the Credit Agreement) plus a ratings-based margin ranging from 1.000% to 1.625%.

The Credit Agreement contains customary affirmative and negative covenants, representations and warranties and events of default for transactions of this type. The Credit Agreement also requires the Company to maintain a maximum consolidated leverage ratio of 4.00 to 1.00 (with a step-up to 4.50 to 1.00 under certain circumstances).

On August 21, 2026, the Company also terminated its existing Revolving and L/C Facilities Agreement, dated as of October 18, 2019 (as amended to the date hereof), among the Company, the borrowers party thereto, the guarantors party thereto, the lenders party thereto and Citibank Europe plc, UK Branch, as facility agent (the “Existing Credit Agreement”). The Existing Credit Agreement provided for a revolving credit facility in an aggregate commitment amount of $1,000,000,000 and a letter of credit facility in an aggregate commitment amount of $20,000,000, each with a maturity date of October 13, 2026. As of the date of termination, no amounts were outstanding under the Existing Credit Agreement.

The above description of the Credit Agreement is qualified in its entirety by reference to the full text thereof, a copy of which is expected to be filed as an exhibit to the Company’s Annual Report on Form 20-F for the year ending December 31, 2026.

The information contained in this Form 6-K is incorporated by reference into the Company’s Registration Statement on Form F-3, File No. 333-294214, and related Prospectuses, as such Registration Statement and Prospectuses may be amended from time to time.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GLOBALFOUNDRIES Inc.

Date: August 27, 2026

By:

/s/ Sam Franklin

Name:

Sam Franklin

Title:

Chief Financial Officer