---
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"
generated_at: "2026-05-23T18:47:40.027752+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# FactSet enters new $1.5B credit facilities, repays $500M under prior agreement

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001013237-25-000054
- JSON: https://secwatch.observer/filing/0001013237-25-000054.json
- Plain text: https://secwatch.observer/filing/0001013237-25-000054.txt

## Key facts
- Debt Financings
  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
  source text: (b) a senior unsecured revolving credit facility in an aggregate principal amount of $1,000,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/0001013237-25-000054-index.htm
- Debt Financings
  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
  source text: The Credit Agreement provides for (a) a senior unsecured term loan credit facility in an aggregate committed amount of $500,000,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/0001013237-25-000054-index.htm

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