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

FICO borrows $1.5 billion term loan to fund accelerated share buyback

Mixed Impact 4 of 5 financing Written later

FICO amended its credit agreement to add a $1.5 billion unsecured term loan maturing May 15, 2028, and borrowed the full amount on June 5, 2026. The company is using the proceeds for a $1.5 billion accelerated share repurchase with Wells Fargo Securities, under a new $2.0 billion buyback authorization that replaces its previous $1.5 billion program.

Key points

  • Incremental term loan of $1.5 billion, maturing May 15, 2028, with quarterly repayments of $75 million from September 30, 2026 through June 30, 2027, then $112.5 million
  • Upfront payment of $1.5 billion to Wells Fargo Securities on June 8, 2026, with an initial delivery of approximately 1,055,100 shares
  • New stock repurchase program of up to $2.0 billion, open-ended; about $500 million expected to remain after the ASR is completed by September 30, 2026

The filing

CompanyFair Isaac (FICO)
Form8-K, current report
Filed with the SECJun 8, 2026, 9:19 AM ET
Accession number0001193125-26-260817

Items reported: 1.01 Material Definitive Agreement2.03 New Direct Financial Obligation8.01 Other Events

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 08, 2026.

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.