secwatch.observer — SEC 8-K summary
======================================

Issuer:     FACTSET RESEARCH SYSTEMS INC (FDS)
CIK:        0001013237
Form:       8-K
Filed at:   2025-04-08T23:59:59+00:00
Accession:  0001013237-25-000054
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/0001013237-25-000054-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1013237/000101323725000054/fds-20250408.htm
  HTML page:      https://secwatch.observer/filing/0001013237-25-000054

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer