Bright Horizons secures $375M term loan, ups revolver to $1B with 2030 maturity

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

Issued $375M 2026 Term A Loans; proceeds used to repay $375M existing revolver loans.
Revolving credit commitments increased from $900M to $1B.
Both facilities mature April 17, 2030; interest at Term SOFR+1.25%-1.75% or Base+0.25%-0.75%.
Term loans require quarterly amortization at 2.5% p.a. for first 2 years, then 5% p.a.
Financial covenant: maximum first lien net leverage ratio of 4.25x.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BRIGHT HORIZONS FAMILY SOLUTIONS INC. amended Fifth Amendment to Second Amended and Restated Credit Agreement with JPMorgan Chase Bank, N.A., as Administrative Agent, the 2026 Term A Lenders, the 2026 Revolving Credit Lenders and the L/C Issuer valued at $375 million in incremental term A loans and an increase of the Revolving Credit Commitments from $9 (effective 2026-06-01).

Action: amendment
Agreement: credit facility
Counterparty: JPMorgan Chase Bank, N.A., as Administrative Agent, the 2026 Term A Lenders, the 2026 Revolving Credit Lenders and the L/C Issuer
Value: $375 million in incremental term A loans and an increase of the Revolving Credit Commitments from $9
Effective: 2026-06-01

Exact text from the filing

On June 1, 2026 (the “ Closing Date ”), Bright Horizons Family Solutions LLC (the “ Borrower ”), a wholly-owned indirect subsidiary of Bright Horizons Family Solutions Inc. (the “ Company ”), entered into the Fifth Amendment to Second Amended and Restated Credit Agreement

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BRIGHT HORIZONS FAMILY SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0001193125-26-251551

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