---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-251573"
form_type: "8-K"
ticker: "FICO"
cik: "0000814547"
company_name: "FAIR ISAAC CORP"
filed_at: "2021-08-19T23:59:59+00:00"
generated_at: "2026-06-29T09:03:34.427481+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FICO enters $600M credit agreement, draws $475M to refinance debt

## Summary
- New $600M unsecured five-year revolving credit facility, replacing prior facility.
- Borrowed $475M at closing to refinance existing debt; may also fund share repurchases and working capital.
- Financial covenants: interest coverage ratio >= 3.00x, total leverage <= 3.50x (step-up to 4.00x post-acquisitions).
- Interest margins: Eurodollar +100-175 bps, commitment fee 17.5-30 bps, based on total leverage ratio.

## SEC filing metadata
- accession: 0001193125-21-251573
- form_type: 8-K
- ticker: FICO
- cik: 0000814547
- company_name: FAIR ISAAC CORP
- filed_at: 2021-08-19T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/814547/000119312521251573/0001193125-21-251573-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/814547/000119312521251573/d214746d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-251573
- JSON: https://secwatch.observer/filing/0001193125-21-251573.json
- Plain text: https://secwatch.observer/filing/0001193125-21-251573.txt

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