{"schema_version":"secwatch.filing_event.v1","accession":"0001013237-25-000054","form_type":"8-K","ticker":"FDS","cik":"0001013237","company_name":"FACTSET RESEARCH SYSTEMS INC","filed_at":"2025-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:47.146649+00:00","generated_at":"2026-05-23T18:47:40.027752+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"FactSet enters new $1.5B credit facilities, repays $500M under prior agreement","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001013237-25-000054","json":"https://secwatch.observer/filing/0001013237-25-000054.json","markdown":"https://secwatch.observer/filing/0001013237-25-000054.md","text":"https://secwatch.observer/filing/0001013237-25-000054.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/0001013237-25-000054-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/fds-20250408.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T18:47:40.027752+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1393ee35bfef244b1b01520028bc8fc57520e50a","claim":"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.","evidence_excerpt":"(b) a senior unsecured revolving credit facility in an aggregate principal amount of $1,000,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/0001013237-25-000054-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"$1,000,000,000"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"Term SOFR plus 0.875% to 1.625%"},{"label":"Maturity","value":"April 8, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"feab4c452795a5243767103e0c0060c532c6a1f9","claim":"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.","evidence_excerpt":"The Credit Agreement provides for (a) a senior unsecured term loan credit facility in an aggregate committed amount of $500,000,000","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/0001013237-25-000054-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$500,000,000"},{"label":"Counterparty","value":"PNC Bank, National Association"},{"label":"Rate","value":"Term SOFR plus 0.875% to 1.625%"},{"label":"Maturity","value":"April 8, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}