secwatch.observer — SEC 8-K summary
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Issuer:     MSCI Inc. (MSCI)
CIK:        0001408198
Form:       8-K
Filed at:   2024-01-29T23:59:59+00:00
Accession:  0000950103-24-001197
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MSCI enters new $1.25B credit facility, replaces existing $850M in loans
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- New $1.25B revolving credit facility matures January 2029; replaces existing $500M revolver and $350M term loan.
- Subsidiary guarantors released from guarantees under prior credit agreement and indentures upon termination.
- Interest rate: SOFR + 1.50% or Base Rate + 0.50% (at current ratings of BBB-/BBB-); applies to drawn amounts.
- Proceeds used for general corporate purposes, including working capital and acquisitions.
- Maintains leverage ratio covenant (max 4.25:1) and interest coverage ratio (min 4.00:1).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408198/000095010324001197/0000950103-24-001197-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408198/000095010324001197/dp205729_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-001197

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