AI English summary of an SEC filing — figures as filed
MSCI MSCIOn August 20, 2025, MSCI entered into a Third Amended and Restated Credit Agreement, increasing aggregate revolving commitments to $1.60 billion from $1.25 billion and extending the availability period to August 20, 2030.
Key points
AI summaryOn August 20, 2025, MSCI entered into a Third Amended and Restated Credit Agreement, increasing aggregate revolving commitments to $1.60 billion from $1.25 billion and extending the availability period to August 20, 2030.
The company said that prior to the effectiveness of the new agreement, it applied the proceeds of its August 2025 senior notes offering to repay in full all outstanding borrowings under the Existing Credit Agreement, and as a result, no revolving loans were outstanding when the new facility became effective.
MSCI said it modified the consolidated interest coverage covenant by converting it from a covenant tested each fiscal quarter to one tested at fiscal quarter-end only during a period in which the company does not maintain investment-grade ratings from at least 2 of Moody's, S&P or Fitch, and eliminated the 0.10% Term SOFR adjustment.
The company said the obligations under the agreement are unsecured senior obligations with no subsidiary guarantees. The consolidated leverage ratio remains at a maximum of 4.25:1.00, or 4.50:1.00 for 4 quarters following a material acquisition, unchanged from the Existing Credit Agreement, and the revolving loans will be used for general corporate purposes including working capital and acquisitions.
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.
Revolving Commitments Increased to $1.60 billion, Availability Extended to August 20, 2030
On August 20, 2025, MSCI entered into a Third Amended and Restated Credit Agreement, increasing aggregate revolving commitments to $1.60 billion from $1.25 billion and extending the availability period to August 20, 2030.
Source · Based on the filing body and exhibits
Outstanding Borrowings Repaid in Full with Proceeds from August 2025 Senior Notes Offering
The company said that prior to the effectiveness of the new agreement, it applied the proceeds of its August 2025 senior notes offering to repay in full all outstanding borrowings under the Existing Credit Agreement, and as a result, no revolving loans were outstanding when the new facility became effective.
Source · Based on the filing body and exhibits
Interest Coverage Covenant Testing Modified and Term SOFR Adjustment Eliminated
MSCI said it modified the consolidated interest coverage covenant by converting it from a covenant tested each fiscal quarter to one tested at fiscal quarter-end only during a period in which the company does not maintain investment-grade ratings from at least 2 of Moody's, S&P or Fitch, and eliminated the 0.10% Term SOFR adjustment.
Source · Based on the filing body and exhibits
Unsecured Senior Obligations with No Subsidiary Guarantees; Consolidated Leverage Ratio Unchanged
The company said the obligations under the agreement are unsecured senior obligations with no subsidiary guarantees. The consolidated leverage ratio remains at a maximum of 4.25:1.00, or 4.50:1.00 for 4 quarters following a material acquisition, unchanged from the Existing Credit Agreement, and the revolving loans will be used for general corporate purposes including working capital and acquisitions.
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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