Ford exits BlueOval SK joint venture and takes on DOE loan obligations
A Ford subsidiary acquired the venture's two Kentucky battery plants, subject to existing liens in favor of DOE.
GetSignal Ford F
Ford closed the BlueOval SK joint venture disposition on May 20, 2026, redeeming its membership interest, and a subsidiary acquired the two Kentucky plants subject to existing liens in favor of DOE. Its requirement to contribute up to $6.6 billion in capital was terminated, and it was released from its 50% guarantee of the DOE loan. Ford assumed the $3,805,040,000 DOE note on one Kentucky plant.
Key facts
- Closing date
- May 20, 2026
- Assumed DOE promissory note
- $3,805,040,000
- Interest rate on Ford DOE loan
- 4.814% per annum
- Final maturity
- July 15, 2040
Source: Form 8-K filed May 21, 2026.
Written by GetSignal with AI from the company's SEC filing.
Not investment advice.
