debt
confidence high
sentiment neutral
materiality 0.50
FICO adds $450M unsecured term loan due 2026 under credit agreement amendment
FAIR ISAAC CORP
- Third Amendment to Credit Agreement adds $450M Incremental Term A-1 Loan maturing August 19, 2026.
- Loan is unsecured; no scheduled principal repayments prior to maturity; prepayable without premium.
- Proceeds to repay revolving loans, pay fees, and finance working capital and general corporate purposes.
- Lenders include Wells Fargo ($100M), Bank of America ($150M), U.S. Bank ($70M), HSBC ($65M), TD Bank ($65M).
- Interest based on SOFR or base rate plus applicable margin (100-175 bps for SOFR).