FICO Adds $450 Million Term Loan Under Amended Credit Agreement
Fair Isaac Corporation entered into a Third Amendment to its credit agreement on June 13, 2024, adding an unsecured $450 million incremental term loan maturing August 19, 2026. The filing says the company has no scheduled principal repayments before maturity and may prepay without premium or penalty, and the loan adds to the company's borrowing.
- Incremental Term A-1 Loan of $450 million, unsecured, maturing August 19, 2026
- No scheduled principal repayments before maturity; prepayment allowed without premium or penalty
- Interest based on SOFR plus 100 to 175 basis points, or base rate plus 0 to 75 basis points, tied to total leverage ratio
- Credit agreement also includes a $600 million revolving facility and a $300 million initial term loan