Alight, Inc. / Delaware (ALIT): debt financing — Alight increases revolving credit facility to $330M and extends maturity to 2030

Alight, Inc. / Delaware

Revolving credit commitments increased by $30M to $330M aggregate principal amount.
New facility matures May 31, 2030, with a springing maturity condition tied to term loan refinancing.
Interest rate set at SOFR plus 1.75%-2.25% per annum based on consolidated first lien net leverage ratio.
Existing $300M revolving commitments permanently reduced to $0 and terminated on May 30, 2025.
Amendment establishes the 2025 Incremental Revolving Credit Facility; proceeds for general corporate purposes.

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

Alight, Inc. / Delaware amended revolving credit of $330.0 million with Bank of America, N.A. at SOFR plus an applicable rate between 1.75% and 2.25% per annum maturing May 31, 2030.

Instrument: revolving credit
Principal: $330.0 million
Counterparty: Bank of America, N.A.
Rate: SOFR plus an applicable rate between 1.75% and 2.25% per annum
Maturity: May 31, 2030
Event: amendment

Exact text from the filing

The Amendment establishes a new incremental revolving credit facility, increasing revolving credit commitments by $30.0 million to an aggregate principal amount of $330.0 million (the “2025 Incremental Revolving Credit Facility”).

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Alight, Inc. / Delaware filing history →

Source: SEC EDGAR

accession 0001809104-25-000185

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