secwatch.observer — SEC 8-K summary
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Issuer:     BROADRIDGE FINANCIAL SOLUTIONS, INC. (BR)
CIK:        0001383312
Form:       8-K
Filed at:   2023-08-17T23:59:59+00:00
Accession:  0001140361-23-040281
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Broadridge enters $1.3B amended term credit facility; SOFR+1.250% initial margin
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- Amended and restated term credit agreement dated Aug 17, 2023 provides $1.3 billion in term loan commitments.
- Loans mature 3 years from borrowing date; proceeds used to repay existing term loans and for general corporate purposes.
- Initial interest rate at Adjusted Term SOFR plus 1.250% per annum; step-ups/downs based on credit ratings.
- No premium or penalty on voluntary prepayments, subject to customary breakage costs.
- Leverage ratio covenant and customary affirmative/negative covenants included.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1383312/000114036123040281/0001140361-23-040281-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1383312/000114036123040281/brhc20057693_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-040281

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