Huron amends credit agreement to link interest rates to diversity KPIs

Huron Consulting Group Inc.

First Amendment adds Racial & Ethnic Diversity and Women in Leadership metrics as KPI targets to existing credit facility.
Rate adjustments up to +/-0.05% for SOFR loans and +/-0.01% for commitment fees based on annual performance vs. thresholds.
Sustainability certificates must be delivered annually starting with Reference Year ending Dec. 31, 2023; no adjustment applies until then.
PNC Capital Markets remains Sustainability Structuring Agent; NPV Associates designated as Sustainability Metric Auditor.

item 1.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Huron Consulting Group Inc. amended Amendment No.1 with PNC Capital Markets, LLC (effective 2023-04-28).

Action: amendment
Agreement: credit facility
Counterparty: PNC Capital Markets, LLC
Effective: 2023-04-28

Exact text from the filing

On April 28, 2023, Huron Consulting Group Inc. (the "Company" or "Huron") entered into Amendment No.1 (the "First Amendment") to the Third Amended and Restated Credit Agreement dated as of November 15, 2022 (the "Amended Credit Agreement") by and among the Company, as borrower, and PNC Capital Markets, LLC, as Sustainability Structuring Agent, with the consent of the Required Lenders (as defined in the Amended Credit Agreement).

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Source: SEC EDGAR

accession 0001289848-23-000045

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