secwatch.observer — SEC 8-K summary
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Issuer:     KORN FERRY (KFY)
CIK:        0000056679
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001193125-25-154304
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/56679/000119312525154304/0001193125-25-154304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/56679/000119312525154304/d12918d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-154304

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