secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2022-01-14T23:59:59+00:00
Accession:  0000038777-22-000006
Event type: debt
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources enters $500M 364-day revolver with Bank of America
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- $500M revolving credit facility matures in 364 days from Jan 10, 2022.
- Interest at Base Rate or BSBY rate plus 0.65% margin; 0.05% commitment fee on unused.
- Covenant: consolidated net leverage ratio ≤ 3.00x tested quarterly.
- Proceeds for general corporate purposes; no amounts drawn at closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000006/0000038777-22-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877722000006/ben-20220110.htm
  HTML page:      https://secwatch.observer/filing/0000038777-22-000006

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