---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-086264"
form_type: "8-K"
ticker: "BFAM"
cik: "0001437578"
company_name: "BRIGHT HORIZONS FAMILY SOLUTIONS INC."
filed_at: "2025-04-21T23:59:59+00:00"
generated_at: "2026-05-23T10:07:06.543970+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-086264
- form_type: 8-K
- ticker: BFAM
- cik: 0001437578
- company_name: BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- filed_at: 2025-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437578/000119312525086264/0001193125-25-086264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437578/000119312525086264/d884386d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-086264
- JSON: https://secwatch.observer/filing/0001193125-25-086264.json
- Plain text: https://secwatch.observer/filing/0001193125-25-086264.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.