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.

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