Bright Horizons amends credit deal, adds $375 million term loans and lifts revolver to $1 billion
Bright Horizons' subsidiary signed a Fifth Amendment to its credit agreement on June 1, 2026, adding $375 million in incremental term A loans and raising the revolving credit commitment from $900 million to $1 billion. Proceeds of the new term loans, together with cash on hand, were used to repay $375 million of outstanding revolving loans, and the facilities now mature on April 17, 2030. The filing describes a financing and debt-refinancing step rather than a change in operating results, with borrowing costs and a covenant limit that shareholders may want to track.
Key points
- $375 million in incremental 2026 Term A loans, used to repay $375 million of existing revolving loans
- Revolving credit commitment increased from $900 million to $1,000 million
- Both facilities mature on April 17, 2030; term loan amortization begins September 30, 2026
- Maximum consolidated first lien net leverage ratio of 4.25:1.00 applies to both facilities
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.