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AI brief of an SEC Form 8-K · Houlihan Lokey (HLI)

Houlihan Lokey amends credit facility, raising revolver to $150 million and extending to 2030

Neutral Impact 3 of 5 financing Written later

Houlihan Lokey entered into a Second Amendment to its Credit Agreement on August 19, 2025, increasing revolving commitments from $100 million to $150 million and extending the facility's maturity to August 19, 2030. The amendment also lowers the interest rate margin and commitment fee and removes the minimum Consolidated EBITDA financial covenant, which changes the terms of the company's borrowing arrangement.

Key points

  • Revolving commitments increased from $100 million to $150 million
  • Interest rate margin on adjusted term SOFR borrowings cut from 1.00% to 0.95%; commitment fee cut from 0.30% to 0.15% per annum
  • Maturity extended to August 19, 2030; minimum Consolidated EBITDA covenant eliminated

The filing

CompanyHoulihan Lokey (HLI)
Form8-K, current report
Filed with the SECAug 20, 2025, 6:26 PM ET
Accession number0001193125-25-184314

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

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 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 August 20, 2025.

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.