Accenture said on May 14, 2024 that the Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent is a 5-year, $5.5 billion senior unsecured revolving credit facility.

1. 01

   Accenture said on May 14, 2024 that the Credit Agreement with JPMorgan Chase Bank, N.A. as administrative agent is a 5-year, $5.5 billion senior unsecured revolving credit facility.

2. 02

   The company said the new credit agreement replaces the prior $3.0 billion senior unsecured revolving credit facility, which was scheduled to mature on April 24, 2026.

3. 03

   The company said the facility can be used for general corporate purposes and to backstop issuances under its commercial paper program. As a result, the maximum amount of commercial paper that may be issued will be correspondingly increased to $5.5 billion.

4. 04

   The company said U.S. dollar borrowings bear interest at a rate based on SOFR or a base rate, at the borrowers' election, plus an applicable margin based on its credit ratings. The agreement also requires customary fees and includes a maximum consolidated leverage ratio requirement.

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