BREAKING: $JKHY secures a $1.0B, 5‑year revolving unsecured credit facility — replaces prior $600M deal; ~…
Filed with the SEC on · Summarized by InvestorsBot
BREAKING: $JKHY secures a $1.0B, 5‑year revolving unsecured credit facility — replaces prior $600M deal; ~ $80M outstanding was refinanced and there were no early termination fees. 🚨💰 $JKHY #Breaking #CreditFacility #FinNews #JKHY
ALERT: Liquidity boost — facility gives $JKHY capacity to refinance debt, fund capex, repurchase stock or pursue M&A; also permits additional commitments subject to lender approval. 📈🔍 $JKHY #Liquidity #Mergers #FinTwit #JKHY
CONFIRMED: Key terms — variable rate (adjusted Term SOFR or alternate base + spread tied to leverage). Covenants: EBITDA/Interest ≥3.5x; Net Leverage ≤3.5x (steps to 4.0x for 4 quarters after any ≥$100M acquisition). 📑🔒 $JKHY #Covenants #Debt #CorporateFinance #JKHY
NOTE: 5‑yr facility with U.S. Bank as Administrative Agent; guaranteed by domestic subsidiaries. Watch upcoming filings for draws, buyback moves or acquisitions that could affect covenants. 🛠️📣 $JKHY #Banking #CapitalMarkets #FinNews #JKHY