Gen Digital extends $1.5 billion revolver and $2.7 billion term loans to 2031
Gen Digital signed a third amendment to its credit agreement with Bank of America as administrative agent, extending the maturity of its $1,500 million revolving credit facility to March 27, 2031. The company also extended a portion of its Tranche A term loans and used new Extended Term A Loans, together with cash on hand, to repay all remaining Initial Tranche A Term Loans, which pushes out near-term debt repayment obligations for shareholders to track.
Key points
- Revolving Credit Facility maturity extended to March 27, 2031, subject to a springing maturity if a minimum liquidity test is not met
- $2,741 million of Extended Term A Loans will bear interest at base rate or SOFR-based rates plus a margin tied to debt rating and leverage ratio
- Extended Term A Loans amortize at 5.00% of original principal annually, paid in equal quarterly installments
- Full text of the amendment will be filed as an exhibit to the Form 10-K for the fiscal year ended April 3, 2026
The filing
Written by AI on Nov 8, 2026, 12:42 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 March 27, 2026.
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