---
schema_version: "secwatch.filing_event.v1"
accession: "0000107140-22-000088"
form_type: "8-K"
ticker: "WLY"
cik: "0000107140"
company_name: "JOHN WILEY & SONS, INC."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:34:51.106962+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Wiley extends $1.315B credit facility to Nov 2027; switches to SOFR, adds Hindawi as guarantor

## Summary
- Extended $1.315B of credit commitments to November 2027; $185M maintained to May 2024.
- Interest rate benchmark changed from LIBOR to SOFR with applicable adjustments.
- Added Hindawi Limited as a new guarantor under the Foreign Subsidiary Guaranty.
- Modified financial covenants including Consolidated Net Leverage and Interest Coverage ratios.
- New lenders joined; existing lenders extended commitments.

## SEC filing metadata
- accession: 0000107140-22-000088
- form_type: 8-K
- ticker: WLY
- cik: 0000107140
- company_name: JOHN WILEY & SONS, INC.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/107140/000010714022000088/0000107140-22-000088-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/107140/000010714022000088/jwa-20221130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000107140-22-000088
- JSON: https://secwatch.observer/filing/0000107140-22-000088.json
- Plain text: https://secwatch.observer/filing/0000107140-22-000088.txt

## Key facts
- Material Agreements
  JOHN WILEY & SONS, INC. amended Second Amendment to the Third Amended and Restated Credit Agreement with Bank of America, N.A. and the lenders valued at $1.315 billion (effective 2022-11-30).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A. and the lenders
  - Value: $1.315 billion
  - Effective: 2022-11-30
  source text: On November 30, 2022, John Wiley & Sons, Inc. (the “Company”) and certain of its subsidiaries, entered into the second amendment (the “Second Amendment”) to the Third Amended and Restated Credit Agreement, with Bank of America, N.A. (“BOA”), as administrative agent, swing line lender, and L/C issuer, and the lenders, and other agents party thereto
  evidence_url: https://www.sec.gov/Archives/edgar/data/107140/000010714022000088/0000107140-22-000088-index.htm

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