---
schema_version: "secwatch.filing_event.v1"
accession: "0000038777-22-000165"
form_type: "8-K"
ticker: "BEN"
cik: "0000038777"
company_name: "FRANKLIN RESOURCES INC"
filed_at: "2022-09-13T23:59:59+00:00"
generated_at: "2026-06-23T10:28:24.069428+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Franklin Resources enters $500M revolver and $300M term loan, to repay $300M notes due Sept 2022

## Summary
- New $500M revolving credit facility matures Sept 7, 2023; no amounts drawn at closing.
- New $300M term loan matures Sept 8, 2025; funded in full at closing to repay 2.800% senior notes due Sept 2022.
- Interest on term loan at SOFR + 0.75%-1.00% based on credit rating; facility includes 0.10% credit spread adjustment.
- Financial covenant requires consolidated net leverage ratio ≤ 3.00x, measured quarterly.
- Revolver carries annual commitment fee of 0.05% on average unused amount.

## SEC filing metadata
- accession: 0000038777-22-000165
- form_type: 8-K
- ticker: BEN
- cik: 0000038777
- company_name: FRANKLIN RESOURCES INC
- filed_at: 2022-09-13T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/38777/000003877722000165/0000038777-22-000165-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/38777/000003877722000165/ben-20220908.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000038777-22-000165
- JSON: https://secwatch.observer/filing/0000038777-22-000165.json
- Plain text: https://secwatch.observer/filing/0000038777-22-000165.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.