FACTSET RESEARCH SYSTEMS INC (FDS): debt financing — FactSet enters new $1.5B credit facilities, repays $500M under prior agreement

FACTSET RESEARCH SYSTEMS INC

Entered $500M term loan (due 2028) and $1B revolving credit facility (due 2030).
Borrowed $500M under term facility primarily to repay existing 2022 credit agreement.
Interest rate margins range from 0.875%-1.625% for SOFR loans and 0%-0.625% for base rate loans.
Financial covenant requires leverage ratio no greater than 3.75x (4.25x for acquisitions).
PNC Bank serves as administrative agent; additional commitments up to $1B available.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FACTSET RESEARCH SYSTEMS INC incurred revolving credit of $1,000,000,000 with PNC Bank, National Association at Term SOFR plus 0.875% to 1.625% maturing April 8, 2030.

Instrument: revolving credit
Principal: $1,000,000,000
Counterparty: PNC Bank, National Association
Rate: Term SOFR plus 0.875% to 1.625%
Maturity: April 8, 2030
Event: incurrence

Exact text from the filing

(b) a senior unsecured revolving credit facility in an aggregate principal amount of $1,000,000,000

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Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FACTSET RESEARCH SYSTEMS INC incurred senior notes of $500,000,000 with PNC Bank, National Association at Term SOFR plus 0.875% to 1.625% maturing April 8, 2028.

Instrument: senior notes
Principal: $500,000,000
Counterparty: PNC Bank, National Association
Rate: Term SOFR plus 0.875% to 1.625%
Maturity: April 8, 2028
Event: incurrence

Exact text from the filing

The Credit Agreement provides for (a) a senior unsecured term loan credit facility in an aggregate committed amount of $500,000,000

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FACTSET RESEARCH SYSTEMS INC filing history →

Source: SEC EDGAR

accession 0001013237-25-000054

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