---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-180808"
form_type: "8-K"
ticker: "KFY"
cik: "0000056679"
company_name: "KORN FERRY"
filed_at: "2022-06-24T23:59:59+00:00"
generated_at: "2026-06-24T23:26:39.267662+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Korn Ferry adds $500M delayed draw term loan, extends revolver maturity

## Summary
- Amended credit agreement includes $500M five-year delayed draw term loan facility (up to two advances within 1 year).
- Revolving credit facility renewed for five years from June 24, 2022 (previously $650M).
- LIBOR replaced with forward-looking SOFR term rate plus 0.10% SOFR adjustment.
- Three financial covenants replaced with a single maximum consolidated secured leverage ratio of 3.50x.

## SEC filing metadata
- accession: 0001193125-22-180808
- form_type: 8-K
- ticker: KFY
- cik: 0000056679
- company_name: KORN FERRY
- filed_at: 2022-06-24T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/56679/000119312522180808/0001193125-22-180808-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/56679/000119312522180808/d370946d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-180808
- JSON: https://secwatch.observer/filing/0001193125-22-180808.json
- Plain text: https://secwatch.observer/filing/0001193125-22-180808.txt

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