secwatch.observer — SEC 8-K summary
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Issuer:     H&R BLOCK INC (HRB)
CIK:        0000012659
Form:       8-K
Filed at:   2023-05-30T23:59:59+00:00
Accession:  0001605297-23-000006
Event type: debt
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

H&R Block amends credit agreement to replace LIBOR with SOFR ahead of June 2023 cessation
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- On May 25, 2023, H&R Block and subsidiary Block Financial entered First Amendment to credit agreement.
- Amendment replaces LIBOR-based interest rates with SOFR-based rates for borrowings under the facility.
- Existing Eurodollar Loans are grandfathered until their current Interest Period ends.
- Conditions include no default, receipt of resolutions, and payment of fees; no new commitments added.
- Multiple lenders, including JPMorgan, Bank of America, PNC, TD Bank, U.S. Bank, and others, consented.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/12659/000160529723000006/0001605297-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/12659/000160529723000006/hrb-20230525.htm
  HTML page:      https://secwatch.observer/filing/0001605297-23-000006

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