UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO SECTION 13 OR 15 (d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report: ~~December~~January 2425, ~~2020~~2021

(Date of earliest event reported)

IBM CREDIT LLC

(Exact name of registrant as specified in its charter)

Delaware		000-55786	22-2351962

(State or other jurisdiction of incorporation or organization)		(Commission File Number)	(IRS Employer Identification No.)
Delaware	000-55786	22-2351962
(State or Other Jurisdiction of	(Commission File Number)	(IRS employer identification number)
Incorporation or Organization)

	North Castle Dr Armonk, New York		10504
	(Address of principal executive offices)		(Zip Code)


One North Castle Drive
Armonk, New York	10504
(Address of principal executive offices)	(Zip Code)

914-765-1900

(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

None.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

~~Item 1.01. Entry into a Material Definitive Agreement~~

OnItem ~~December 24, 2020, IBM Credit LLC (“IBM Credit”) entered into a Receivables Purchase Agreement (the “Agreement”) with Banco Santander S~~2.A02., ~~pursuant~~Results ~~to which IBM Credit may sell up to $3 billion~~ of ~~its~~Operations ~~IBM short-term Commercial Financing receivables at any one time, on a revolving basis. The transfers of these receivables are expected to qualify as true sales~~ and ~~will~~Financial ~~begin in December in the United States and Canada~~Condition. ~~Sales are expected to expand to certain other countries through the first half of 2021. The initial term of the Agreement is three years.~~

Summary Financials of the Registrant dated January 25, 2021, including summary earnings results and select balance sheet information for the fourth quarter and full year ended December 31, 2020, is Exhibit 99.1 of this Form 8‑K.

The information in this Item 2.02, including the corresponding Exhibit 99.1, is hereby filed.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description
10.1		Receivables Purchase Agreement, dated as of December 24, 2020, by and between IBM Credit LLC and Banco Santander S.A.
104		Cover Page Interactive Data File (embedded within the Inline XBRL Document)

The following exhibits are being filed as part of this report:


Exhibit No.		Description of Exhibit

99.1		Summary Financials of the Registrant dated January 25, 2021, including summary earnings results and select balance sheet information for the fourth quarter and full year ended December 31, 2020.

104		Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

SIGNATURE

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

Date: December 31, 2020
	By:	/s/ Adam Wilson
		Name:	Adam Wilson
		Title:	Vice President, Finance


Date: January 25, 2021
		IBM Credit LLC


	By:	/s/ Adam Wilson
		Adam Wilson
		Vice President, Finance

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