secwatch.observer — SEC 8-K summary
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Issuer:     KORN FERRY (KFY)
CIK:        0000056679
Form:       8-K
Filed at:   2022-06-24T23:59:59+00:00
Accession:  0001193125-22-180808
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56679/000119312522180808/0001193125-22-180808-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56679/000119312522180808/d370946d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-180808

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