secwatch.observer — SEC 8-K summary
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Issuer:     FAIR ISAAC CORP (FICO)
CIK:        0000814547
Form:       8-K
Filed at:   2021-10-21T23:59:59+00:00
Accession:  0001193125-21-303977
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FICO adds $300M unsecured term loan to credit facility; matures 2026
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- Initial Term Loan of $300M, due August 19, 2026; quarterly repayments of $3.75M starting March 31, 2022.
- Existing $600M revolving facility unchanged; total credit capacity can be increased subject to leverage ratio.
- Interest: Eurodollar rate + 100-175 bps or base rate + 0-75 bps; margin based on total leverage ratio.
- Lenders: Wells Fargo ($95M), Bank of America ($70M), U.S. Bank ($52.5M), TD Bank ($52.5M), HSBC ($30M).
- Option for incremental term loans subject to conditions; amendment effective October 20, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814547/000119312521303977/0001193125-21-303977-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814547/000119312521303977/d229168d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-303977

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