Korn Ferry enters $600M term loan; redeems $400M notes due 2027

KORN FERRY

Borrowed $600M under new senior secured term loan on Aug 18, 2026; $850M revolver continues, both maturing in 5 years.
Redeemed all $400M outstanding 4.625% Senior Notes due 2027 at 100% plus accrued interest, funded with term loan proceeds.
Term loan proceeds also to finance part of pending AMS acquisition purchase price and related fees.
Interest on term loan is Term SOFR + 1.125%-2.00% or base rate + 0.125%-1.00%, based on leverage ratio.

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