Bright Horizons refinances $362.5M term loans with $900M revolving facility

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

New $900M revolving loan facility; $362.5M drawn plus cash repaid all Term A Loans.
Interest rate: Base Rate +0.25%-0.75% or Term SOFR +1.25%-1.75%.
Maturity is August 24, 2028, based on Material Indebtedness maturity.
Covenant: max consolidated first lien net leverage ratio of 4.25:1.00.
Amendment executed April 17, 2025; proceeds also paid related fees and expenses.

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