AI English summary of an SEC filing — figures as filed
FactSet FDSFactSet entered into a credit agreement with PNC Bank, National Association, as administrative agent, on April 8, 2025. The facility consists of a senior unsecured term loan facility of $500,000,000 and a senior unsecured revolving credit facility of $1,000,000,000.
Key points
AI summaryFactSet entered into a credit agreement with PNC Bank, National Association, as administrative agent, on April 8, 2025. The facility consists of a senior unsecured term loan facility of $500,000,000 and a senior unsecured revolving credit facility of $1,000,000,000.
The company said the Term Facility matures on April 8, 2028, and the Revolving Facility matures on April 8, 2030. It said the Revolving Facility is available in US dollars, Sterling and Euro.
The company said it borrowed $500,000,000 under the Term Facility on April 8, 2025 and used the proceeds mainly to repay borrowings under the 2022 Credit Agreement. It said that on the same day it repaid in full all obligations under the 2022 Credit Agreement and terminated that agreement.
The company said loans priced at Term SOFR, Daily Simple SONIA or EURIBOR carry a margin of 0.875% to 1.625%. It said the Term Facility requires scheduled amortization of 5.0% of the original principal amount per year, and that the Leverage Ratio must be no greater than 3.75 to 1.00 as of the last day of each fiscal quarter.
Summary
AI-writtenAnalysis scope · Filing bodyWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
PNC Bank credit agreement: senior unsecured term loan of $500,000,000, revolving of $1,000,000,000
FactSet entered into a credit agreement with PNC Bank, National Association, as administrative agent, on April 8, 2025. The facility consists of a senior unsecured term loan facility of $500,000,000 and a senior unsecured revolving credit facility of $1,000,000,000.
Source · Based on the filing body and exhibits
Term Facility matures in 2028, Revolving Facility in 2030
The company said the Term Facility matures on April 8, 2028, and the Revolving Facility matures on April 8, 2030. It said the Revolving Facility is available in US dollars, Sterling and Euro.
Source · Based on the filing body and exhibits
Term Facility borrowing of $500,000,000; 2022 Credit Agreement repaid and terminated
The company said it borrowed $500,000,000 under the Term Facility on April 8, 2025 and used the proceeds mainly to repay borrowings under the 2022 Credit Agreement. It said that on the same day it repaid in full all obligations under the 2022 Credit Agreement and terminated that agreement.
Source · Based on the filing body and exhibits
Interest rate margin 0.875% to 1.625%, amortization 5.0%, Leverage Ratio 3.75 to 1.00
The company said loans priced at Term SOFR, Daily Simple SONIA or EURIBOR carry a margin of 0.875% to 1.625%. It said the Term Facility requires scheduled amortization of 5.0% of the original principal amount per year, and that the Leverage Ratio must be no greater than 3.75 to 1.00 as of the last day of each fiscal quarter.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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