---
schema_version: "secwatch.filing_event.v1"
accession: "0000779152-23-000028"
form_type: "8-K"
ticker: "JKHY"
cik: "0000779152"
company_name: "JACK HENRY & ASSOCIATES INC"
filed_at: "2023-05-22T23:59:59+00:00"
generated_at: "2026-06-14T18:54:34.231949+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Jack Henry enters $180M term loan, amends revolver

## Summary
- $180M term loan entered May 16, 2023, matures in two years, used to reduce revolver borrowings.
- Interest rate variable based on adjusted Term SOFR or base rate plus spread tied to leverage ratio.
- Financial covenants: minimum EBITDA/interest 3.50x, max leverage 3.25x (up to 3.50x after $100M+ acquisition).
- Existing revolver amended to permit the term loan and make conforming changes.

## SEC filing metadata
- accession: 0000779152-23-000028
- form_type: 8-K
- ticker: JKHY
- cik: 0000779152
- company_name: JACK HENRY & ASSOCIATES INC
- filed_at: 2023-05-22T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/779152/000077915223000028/0000779152-23-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/779152/000077915223000028/jkhy-20230516.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000779152-23-000028
- JSON: https://secwatch.observer/filing/0000779152-23-000028.json
- Plain text: https://secwatch.observer/filing/0000779152-23-000028.txt

## Key facts
- Debt Financings
  JACK HENRY & ASSOCIATES INC incurred term loan of $180 million with Truist Bank at adjusted Term SOFR or an alternate base rate maturing two years.
  - Instrument: term loan
  - Principal: $180 million
  - Counterparty: Truist Bank
  - Rate: adjusted Term SOFR or an alternate base rate
  - Maturity: two years
  - Event: incurrence
  source text: On May 16, 2023, Jack Henry & Associates, Inc. (the “Company”) entered into a two-year, $180 million Term Loan Agreement among the Company, as borrower, the lenders party thereto, Truist Bank, as administrative agent, and certain other financial institutions as joint lead arrangers and joint book runners (the “Term Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/779152/000077915223000028/0000779152-23-000028-index.htm
- Material Agreements
  JACK HENRY & ASSOCIATES INC amended Credit Agreement Amendment with U.S. Bank, National Association, as administrative agent (effective 2023-05-16).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: U.S. Bank, National Association, as administrative agent
  - Effective: 2023-05-16
  source text: Also on May 16, 2023, the Company entered into an amendment (the “Credit Agreement Amendment”) to its Amended and Restated Credit Agreement, dated as of August 31, 2022, by and among the Company, as borrower, the lenders party thereto and U.S. Bank, National Association, as administrative agent (the “Revolving Credit Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/779152/000077915223000028/0000779152-23-000028-index.htm
- Material Agreements
  JACK HENRY & ASSOCIATES INC entered into Term Loan Agreement with lenders party thereto, Truist Bank, as administrative agent valued at $180 million (effective 2023-05-16).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: lenders party thereto, Truist Bank, as administrative agent
  - Value: $180 million
  - Effective: 2023-05-16
  source text: On May 16, 2023, Jack Henry & Associates, Inc. (the “Company”) entered into a two-year, $180 million Term Loan Agreement among the Company, as borrower, the lenders party thereto, Truist Bank, as administrative agent, and certain other financial institutions as joint lead arrangers and joint book runners (the “Term Loan Agreement”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/779152/000077915223000028/0000779152-23-000028-index.htm

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