AMERICAN HONDA FINANCE CORP 8-K

What Happened

• American Honda Finance Corp (AHFC) reported (Item 1.01) that its subsidiary, Honda Canada Finance Inc. (HCFI), effective March 25, 2026, entered into a Second Amendment to its C$2,000,000,000 Third Amended and Restated Credit Agreement (originally dated March 25, 2024 and previously amended March 25, 2025). The amendment extends borrowing commitment dates and modifies certain timing provisions and a date reference in the agreement. The C$2.0 billion facility is approximately $1,455,498,144.20 using an exchange rate of 1.3741 C$ per US$ as of March 23, 2026.

Key Details

• Tranche A: commitment termination date extended from March 25, 2026 to March 25, 2027; Tranche A allows borrowing up to C$1,000,000,000 (~$727,749,072.12).
• Tranche B: commitment termination date extended from March 25, 2027 to March 25, 2029; Tranche B allows borrowing up to C$1,000,000,000 (~$727,749,072.12).
• Amended Section 2.11(a) to permit HCFI, upon request, to extend the existing Tranche B commitment termination date by a whole number of years up to three years after the existing date.
• Replaced each reference to “March 31, 2024” in Section 8.4 with “March 31, 2025.” The Second Amendment is filed as Exhibit 10.1 to the Form 8-K.

Why It Matters

• The amendment preserves HCFI’s access to liquidity under its C$2.0B credit facility by extending when it can draw on Tranche A and B commitments. For investors, this reduces near-term refinancing pressure for the Canadian financing arm and maintains flexibility to borrow up to the stated amounts through the new dates. The filing is a contractual amendment (Item 1.01) rather than a change in operating results or management.