secwatch.observer — SEC 8-K summary
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Issuer:     FAIR ISAAC CORP (FICO)
CIK:        0000814547
Form:       8-K
Filed at:   2025-05-13T23:59:59+00:00
Accession:  0001193125-25-118857
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FICO closes $1.5B senior notes offering and $1B revolving credit facility
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/814547/000119312525118857/0001193125-25-118857-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/814547/000119312525118857/d14876d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-118857

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