FAIR ISAAC CORP (FICO): debt financing — FICO closes $1.5B senior notes offering and $1B revolving credit facility

FAIR ISAAC CORP

Closed $1.5B aggregate principal of 6.000% Senior Notes due 2033, priced at par, unsecured.
Entered $1.0B unsecured revolving credit facility with five-year term, replacing prior facilities.
Net proceeds from notes to repay existing revolver draws and term loans, pay fees, and for general corporate purposes.
Credit facility covenant: consolidated leverage ratio not to exceed 3.5:1 (step-up to 4.0:1 for permitted acquisitions).
Revolver interest: SOFR plus margin 1.0%-1.75% or base rate plus 0%-0.75% depending on leverage.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

FAIR ISAAC CORP incurred senior notes of $1.5 billion aggregate principal amount with U.S. Bank Trust Company, National Association at 6.000% per annum maturing May 15, 2033.

Instrument: senior notes
Principal: $1.5 billion aggregate principal amount
Counterparty: U.S. Bank Trust Company, National Association
Rate: 6.000% per annum
Maturity: May 15, 2033
Event: incurrence

Exact text from the filing

On May 13, 2025, the Company closed its previously announced private offering to eligible purchasers of $1.5 billion aggregate principal amount of 6.000% Senior Notes due 2033 (the “Notes”).

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Source: SEC EDGAR

accession 0001193125-25-118857

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