{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-184314","form_type":"8-K","ticker":"HLI","cik":"0001302215","company_name":"HOULIHAN LOKEY, INC.","filed_at":"2025-08-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.617414+00:00","generated_at":"2026-05-17T10:45:14.708649+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Houlihan Lokey expands revolving credit facility to $150M, extends maturity to 2030","bullets":["Revolving commitments increased from $100M to $150M; maturity extended to August 19, 2030.","Interest rate margin reduced from 1.00% to 0.95% (SOFR); credit spread adjustment eliminated.","Commitment fee cut from 0.30% to 0.15% per annum; minimum Consolidated EBITDA covenant eliminated.","PNC Bank added as new lender; Houlihan Lokey Americas (Holdings), LLC joined as additional guarantor.","Conditions precedent include no Material Adverse Effect since March 31, 2025, and delivery of solvency certificate."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-184314","json":"https://secwatch.observer/filing/0001193125-25-184314.json","markdown":"https://secwatch.observer/filing/0001193125-25-184314.md","text":"https://secwatch.observer/filing/0001193125-25-184314.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1302215/000119312525184314/0001193125-25-184314-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1302215/000119312525184314/d75560d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T10:45:14.708649+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":"46acbaeb7e2f899c2f76af46ae7680b73c4f2efc","claim":"HOULIHAN LOKEY, INC. amended revolving credit of increases the revolving commitments under the Credit Agreement from $100 million to $150 million with Bank of America, N.A., as agent at reduces the applicable interest rate margin for borrowings based on an adjusted maturing extends the maturity of the credit facility under the Credit Agreement to August 19, 2030.","evidence_excerpt":"On August 19, 2025 (the “Effective Date”), Houlihan Lokey, Inc. (the “Company”) and certain subsidiaries of the Company entered into the Second Amendment to Credit Agreement, Amendment to Pledge Agreement and Joinder Agreement (the “Amendment”), which amends the Credit Agreement, dated as of August 23, 2019 (as amended through and including the Amendment, the “Credit Agreement”), by and among the Company, the guarantors party thereto, the lenders party thereto, and Bank of America, N.A., as agent. The Amendment, among other things, (a) increases the revolving commitments under the Credit Agreement from $100 million to $150 million, (b) reduces the applicable interest rate margin for borrowings based on an adjusted term SOFR rate from 1.00% to 0.95% per annum and eliminates the 0.10% credit spread adjustment, (c) reduces the commitment fee from 0.30% to 0.15% per annum, (d) modifies the definition of Consolidated EBITDA, (e) extends the maturity of the credit facility under the Credit A","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1302215/000119312525184314/0001193125-25-184314-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"increases the revolving commitments under the Credit Agreement from $100 million to $150 million"},{"label":"Counterparty","value":"Bank of America, N.A., as agent"},{"label":"Rate","value":"reduces the applicable interest rate margin for borrowings based on an adjusted"},{"label":"Maturity","value":"extends the maturity of the credit facility under the Credit Agreement to August 19, 2030"},{"label":"Event","value":"amendment"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}