---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-339104"
form_type: "8-K"
ticker: "BFAM"
cik: "0001437578"
company_name: "BRIGHT HORIZONS FAMILY SOLUTIONS INC."
filed_at: "2021-11-24T23:59:59+00:00"
generated_at: "2026-06-28T05:27:25.716213+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Bright Horizons refinances $1B in credit facilities with new $600M term B and $400M term A loans

## Summary
- New $600M term B loan facility (seven-year) and $400M term A loan facility (five-year) entered on Nov 23, 2021.
- Proceeds used to refinance all outstanding term loans under original credit agreement, plus fees and expenses.
- Existing $400M revolving credit facility (matures May 2026) maintained unchanged.
- Interest rates: term B at LIBOR+2.25% (Eurocurrency) with 0.50% floor; term A at LIBOR+1.50%-1.75% with 0.00% floor.
- Mandatory prepayment provisions: 50% excess cash flow (step-downs based on leverage); 1.0% call premium on term B for repricing within six months.

## SEC filing metadata
- accession: 0001193125-21-339104
- form_type: 8-K
- ticker: BFAM
- cik: 0001437578
- company_name: BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- filed_at: 2021-11-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437578/000119312521339104/0001193125-21-339104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437578/000119312521339104/d212344d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-339104
- JSON: https://secwatch.observer/filing/0001193125-21-339104.json
- Plain text: https://secwatch.observer/filing/0001193125-21-339104.txt

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