GARTNER INC (IT): debt financing — Gartner enters $1B unsecured revolver, borrows $274M; terminates old secured facility

GARTNER INC

New $1.0B senior unsecured five-year revolver; may be increased up to an additional $750M.
Initial borrowing of $274.4M to refinance outstanding amounts under prior secured credit agreement.
Old $1.0B secured revolver and $400M term loan terminated; all amounts repaid as of March 26, 2024.
Subsidiary guarantees on 4.500% notes due 2028, 3.625% due 2029, 3.750% due 2030 released.
Facility matures March 2029; interest pricing based on leverage ratio or credit rating.

item 1.01 item 1.02 item 2.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

GARTNER INC incurred revolving credit of $1.0 billion senior unsecured five-year revolving facility with JPMorgan Chase Bank, N.A. at Loans under the Credit Agreement bear interest at a rate equal to, at the Compan maturing March 26, 2029.

Instrument: revolving credit
Principal: $1.0 billion senior unsecured five-year revolving facility
Counterparty: JPMorgan Chase Bank, N.A.
Rate: Loans under the Credit Agreement bear interest at a rate equal to, at the Compan
Maturity: March 26, 2029
Event: incurrence

Exact text from the filing

On March 26, 2024, the Company entered into a Credit Agreement (the “Credit Agreement”) among the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the “Administrative Agent”). The Credit Agreement provides for a $1.0 billion senior unsecured five-year revolving facility.

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

GARTNER INC entered into Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent valued at $1.0 billion (effective 2024-03-26).

Action: entry
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Value: $1.0 billion
Effective: 2024-03-26

Exact text from the filing

On March 26, 2024, the Company entered into a Credit Agreement (the “Credit Agreement”) among the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.98

GARTNER INC terminated Existing Credit Agreement with JPMorgan Chase Bank, N.A., as administrative agent (effective 2024-03-26).

Action: termination
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as administrative agent
Effective: 2024-03-26

Exact text from the filing

On March 26, 2024, concurrently with the Company’s entry into the Credit Agreement described in Item 1.01 hereof, the Company terminated its existing Credit Agreement, dated as of September 28, 2020 (the “Existing Credit Agreement”), among the Company, as borrower, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent

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Source: SEC EDGAR

accession 0001193125-24-083467

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