Jack Henry Enters $1.0 Billion Five-Year Revolving Credit Agreement, Replacing $600 Million Facility
Jack Henry & Associates entered a $1.0 billion, five-year unsecured revolving Credit Agreement on March 25, 2026, which replaces its prior $600 million facility that had been due to mature August 31, 2027. The company used a borrowing under the new agreement to refinance roughly $80 million outstanding under the prior facility, and the filing says no early termination penalties were owed. The filing describes the new facility's covenants and default terms, which matter to shareholders because they set the company's borrowing limits.
Key points
- $1.0 billion unsecured revolving Credit Agreement, five-year term, dated March 25, 2026, with U.S. Bank National Association as Administrative Agent
- Replaces the $600 million Prior Credit Agreement dated August 31, 2022, which was terminated at closing and had a maturity date of August 31, 2027
- About $80 million outstanding under the prior facility was refinanced with a borrowing under the new agreement; no early termination penalties were owed
- Financial covenants require a minimum interest coverage ratio of 3.50 to 1.00 and a maximum Net Leverage Ratio of 3.50 to 1.00
The filing
Written by AI on Nov 8, 2026, 1:12 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 26, 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.