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AI brief of an SEC Form 8-K · Fair Isaac (FICO)

FICO Adds $450 Million Term Loan Under Amended Credit Agreement

Neutral Impact 3 of 5 financing Written later

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.

Key points

  • 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

The filing

CompanyFair Isaac (FICO)
Form8-K, current report
Filed with the SECJun 14, 2024, 4:04 PM ET
Accession number0001193125-24-161586

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits 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 14, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.