secwatch.observer — SEC 8-K summary
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Issuer:     HOULIHAN LOKEY, INC. (HLI)
CIK:        0001302215
Form:       8-K
Filed at:   2025-08-21T23:59:59+00:00
Accession:  0001193125-25-184314
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Houlihan Lokey expands revolving credit facility to $150M, extends maturity to 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302215/000119312525184314/0001193125-25-184314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302215/000119312525184314/d75560d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-184314

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