secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2026-07-30T21:17:52+00:00
Accession:  0001552781-26-000398
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources enters $1.5B credit facility, extends maturity to 2031
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- New $1.5B revolving credit facility with option to increase by $500M, maturing July 30, 2031.
- Prior $1.5B facility terminated; $700M outstanding rolled into new facility.
- Interest rates based on debt rating: Term SOFR + 0.625%-1.25%, Base Rate + 0%-0.25%.
- Financial covenant: consolidated net leverage ratio ≤ 3.25x.
- Use of proceeds for general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000155278126000398/0001552781-26-000398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000155278126000398/e26317_ben-8k.htm
  HTML page:      https://secwatch.observer/filing/0001552781-26-000398

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