Korn Ferry enters $850M secured revolving credit facility, replaces prior BofA agreement

KORN FERRY

New $850M five-year senior secured revolver with Wells Fargo as administrative agent.
Interest rate options: Term SOFR + 1.125%-2.00% or base rate + 0.125%-1.00%, based on leverage.
Accordion feature allows up to $600M increase plus unlimited subject to 3.25x secured net leverage.
Financial covenant requires secured net leverage ratio ≤ 3.75x; collateral covers substantially all assets.

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