debt
confidence high
sentiment neutral
materiality 0.60
Huron expands credit facility to $1.1B, extends maturity to July 2030
Huron Consulting Group Inc.
- New $700M revolver and $400M term loan replace $600M revolver and $275M term loan maturing Nov 2027.
- Maturity extended to July 30, 2030; term loan amortizes $5M quarterly from Sep 2025.
- All-in pricing improved: Term SOFR borrowings initially at SOFR + 1.500% with further grid based on leverage.
- Proceeds used to refinance existing debt; future use for working capital, repurchases, and tuck-in M&A.
- Oversubscribed lender demand; Bank of America, JPMorgan, and PNC lead syndicate.