---
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"
generated_at: "2026-05-18T09:47:35.041694+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-154304
- JSON: https://secwatch.observer/filing/0001193125-25-154304.json
- Plain text: https://secwatch.observer/filing/0001193125-25-154304.txt

## Key facts
- Debt Financings
  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.
  - Instrument: credit facility
  - Principal: $850 million
  - Counterparty: Wells Fargo Bank, National Association as administrative agent, and other lender parties thereto
  - Rate: Term SOFR, plus an interest rate margin between 1.125% per annum and 2.00% per a
  - Maturity: five years
  - Event: incurrence
  source text: The Credit Agreement provides for an $850 million five-year senior secured revolving credit facility (the “Facility”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/56679/000119312525154304/0001193125-25-154304-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.