debt
confidence high
sentiment neutral
materiality 0.40
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.
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