Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
FRANKLIN RESOURCES INC incurred revolving credit of $800,000,000 with Bank of America, N.A. (as administrative agent) and the lenders at Term SOFR plus an applicable margin ranging from 0.625% to 1.25% maturing five years from the Closing Date.
- Instrument
- revolving credit
- Principal
- $800,000,000
- Counterparty
- Bank of America, N.A. (as administrative agent) and the lenders
- Rate
- Term SOFR plus an applicable margin ranging from 0.625% to 1.25%
- Maturity
- five years from the Closing Date
- Event
- incurrence
Exact text from the filing
given to them in the New Revolving Credit Agreement. The New Revolving Credit Agreement provides for a five-year revolving credit facility (the “Revolving Credit Facility”) with $800,000,000 of aggregate commitments and, as of the Closing Date, there were no amounts outstanding under the New Revolving Credit Agreement. Amounts outstanding under the New Revolving
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FRANKLIN RESOURCES INC terminated Original Credit Agreement with Bank of America, N.A. valued at $500.0 million revolving credit agreement terminated (effective 2023-07-25).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $500.0 million revolving credit agreement terminated
- Effective
- 2023-07-25
Exact text from the filing
Concurrently with entering into the New Revolving Credit Agreement, on July 25, 2023, the Company terminated (i) its $500.0 million revolving credit agreement (the "Original Credit Agreement") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 7, 2023 and (ii) its $300.0 million term loan credit agreement (the "Term Loan") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 8, 2025.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FRANKLIN RESOURCES INC terminated Term Loan with Bank of America, N.A. valued at $300.0 million term loan credit agreement terminated (effective 2023-07-25).
- Action
- termination
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $300.0 million term loan credit agreement terminated
- Effective
- 2023-07-25
Exact text from the filing
Concurrently with entering into the New Revolving Credit Agreement, on July 25, 2023, the Company terminated (i) its $500.0 million revolving credit agreement (the "Original Credit Agreement") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 7, 2023 and (ii) its $300.0 million term loan credit agreement (the "Term Loan") with Bank of America, N.A. and the other lenders party thereto, which, by its terms was scheduled to mature on September 8, 2025.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
FRANKLIN RESOURCES INC entered into New Revolving Credit Agreement with Bank of America, N.A. valued at $800,000,000 revolving credit facility (effective 2023-07-25).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- Bank of America, N.A.
- Value
- $800,000,000 revolving credit facility
- Effective
- 2023-07-25
Exact text from the filing
On July 25, 2023 (the "Closing Date"), Franklin Resources, Inc., a Delaware corporation (the "Company"), entered into a new Credit Agreement (the "New Revolving Credit Agreement"), by and among the Company, as borrower, the financial institutions from time to time party thereto, as lenders, and Bank of America, N.A. ("Bank of America"), as administrative agent.
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