{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-154304","form_type":"8-K","ticker":"KFY","cik":"0000056679","company_name":"KORN FERRY","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.139136+00:00","generated_at":"2026-05-18T09:47:35.041694+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Korn Ferry enters $850M secured revolving credit facility, replaces prior BofA agreement","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-154304","json":"https://secwatch.observer/filing/0001193125-25-154304.json","markdown":"https://secwatch.observer/filing/0001193125-25-154304.md","text":"https://secwatch.observer/filing/0001193125-25-154304.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/56679/000119312525154304/0001193125-25-154304-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/56679/000119312525154304/d12918d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:47:35.041694+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"aeef0cb1f350d5a30d4f5648bedb66c2ec26d79b","claim":"KORN FERRY incurred credit facility of $850 million with Wells Fargo Bank, National Association as administrative agent, and other lender parties thereto at Term SOFR, plus an interest rate margin between 1.125% per annum and 2.00% per a maturing five years.","evidence_excerpt":"The Credit Agreement provides for an $850 million five-year senior secured revolving credit facility (the “Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/56679/000119312525154304/0001193125-25-154304-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$850 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association as administrative agent, and other lender parties thereto"},{"label":"Rate","value":"Term SOFR, plus an interest rate margin between 1.125% per annum and 2.00% per a"},{"label":"Maturity","value":"five years"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}