EPAM Systems, Inc. (EPAM): debt financing — EPAM enters into new $700M revolving credit facility, upsizable to $1.2B

EPAM Systems, Inc.

New five-year $700M revolving credit facility replaces 2021 credit agreement, effective October 3, 2025.
Facility can be increased to up to $1.2B with lender consent; includes $250M alternative currency sublimit.
Borrowings bear interest at SOFR plus margin based on leverage ratio (0.875% to 1.625% per annum).
Leverage covenant: maximum consolidated leverage ratio of 3.50:1.00 (4.00:1.00 under certain conditions).
Proceeds for general corporate purposes, working capital, and permitted acquisitions.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

EPAM Systems, Inc. incurred revolving credit of $700 million with PNC Bank, National Association at SOFR rate...plus a margin based on EPAM's leverage ratio maturing five years.

Instrument: revolving credit
Principal: $700 million
Counterparty: PNC Bank, National Association
Rate: SOFR rate...plus a margin based on EPAM's leverage ratio
Maturity: five years
Event: incurrence

Exact text from the filing

The 2025 Revolving Facility provides for a five-year $700 million revolving credit facility

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EPAM Systems, Inc. filing history →

Source: SEC EDGAR

accession 0001352010-25-000047

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