secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2021-07-30T23:59:59+00:00
Accession:  0001056288-21-000017
Event type: debt
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Federated Hermes enters $350M credit facility, replaces $375M prior facility
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- New $350M unsecured revolver (down from $375M) with $200M accordion; matures July 30, 2026.
- $60M outstanding at signing; interest rate projected ~1.22% for Q3 2021 (LIBOR + spread).
- Includes sustainability adjustment provisions tied to ESG performance targets.
- Previous $375M facility was due June 2022; new agreement extends maturity by ~4 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000017/0001056288-21-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628821000017/fhi-20210730.htm
  HTML page:      https://secwatch.observer/filing/0001056288-21-000017

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