Bright Horizons refinances $583.5M Term B loans, cuts spread by 25 bps

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

New $583.5M Term B loan facility replaces existing Term B loans; maturity unchanged at Nov 23, 2028.
Interest rate reduced by 25 bps to 2.00% (Term Benchmark) and 1.00% (ABR); Term SOFR Adjustment eliminated.
Potential additional 25 bps reduction if credit rating reaches Ba3/BB- (stable).
Proceeds used to fully refinance outstanding Existing Term B Loans.
All collateral and guarantors remain unchanged.

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