UPDATE 1-Ford extends secured revolving credit two years

* Ford to repay $1.9 bln of revolver on Dec. 3

* Lenders extend $7.2 bln of revolver to Nov. 30, 2013

* Lender convert $724 mln of revolver to term loan

* Lenders on $886 mln decline to extend revolver

DETROIT, Nov 24 (Reuters) - Ford Motor Co (F.N) said on Tuesday it had completed a two-year amendment and extension on three-quarters of a $10.7 billion secured revolving credit that provides liquidity to support its turnaround.

Earlier in November, Ford announced plans to extend the facility as well as issue some $3 billion of stock and equity linked securities to improve its balance sheet.

Ford said it would repay $1.9 billion of the revolver on Dec. 3. It also said lenders had agreed to extend $7.2 billion of the facility due in mid-December 2011 to Nov. 30, 2013 and to convert $724 million to a term loan due in December 2013.

Lenders with $886 million of commitments elected not to extend the maturity beyond Dec. 15, 2011, Ford said.

The only large U.S.-based automaker not to restructure under a U.S. government-funded bankruptcy in 2009, Ford posted a nearly $1 billion third-quarter profit that surprised Wall Street analysts.

(Reporting by David Bailey; Editing by Richard Chang) ((david.bailey@thomsonreuters.com; +1 313 967 1910; Reuters Messaging: david.bailey.reuters.com@reuters.net))