secwatch.observer — SEC 8-K summary
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Issuer:     MSCI Inc. (MSCI)
CIK:        0001408198
Form:       8-K
Filed at:   2022-06-14T23:59:59+00:00
Accession:  0000950103-22-010573
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSCI enters into $850M credit facility; $350M term loan drawn, $500M revolver undrawn
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- Restated credit facility: $500M revolver undrawn, $350M term loan fully drawn on June 9, 2022.
- Term loans mature February 2027; quarterly amortization begins Oct 15, 2022; interest initially SOFR + 2.00%.
- Expected incremental interest expense of ~$9M in fiscal 2022 based on SOFR forward curve.
- Proceeds for general corporate purposes including potential share repurchases, investments, and M&A.
- Financial covenants: max consolidated leverage ratio 4.25:1.00, min interest coverage 4.00:1.00.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408198/000095010322010573/0000950103-22-010573-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408198/000095010322010573/dp175098_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-010573

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