secwatch.observer — SEC 8-K summary
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Issuer:     SEI INVESTMENTS CO (SEIC)
CIK:        0000350894
Form:       8-K
Filed at:   2025-08-19T23:59:59+00:00
Accession:  0000350894-25-000106
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SEI Investments enters $500M revolver due 2030, replacing $325M facility
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- New $500M senior unsecured revolver expires August 2030; replaces $325M facility due April 2026.
- Accordion feature permits increase of up to $250M under certain conditions.
- Interest rate: Base Rate +25-125 bps or Term SOFR +125-225 bps, depending on leverage ratio.
- Financial covenant caps leverage ratio at 3.00x; can rise to 3.50x for limited periods.
- Facility guaranteed by certain subsidiaries; restricts dividends/repurchases on default.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/350894/000035089425000106/0000350894-25-000106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/350894/000035089425000106/seic-20250818.htm
  HTML page:      https://secwatch.observer/filing/0000350894-25-000106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer