Franklin Resources entered into a Second Amended and Restated Credit Agreement establishing a $1.5 billion five-year revolving credit facility maturing on July 30, 2031, with an option to upsize by $500 million. Concurrently, the company terminated its prior $1.5 billion revolver, which had been scheduled to mature on April 30, 2030, and rolled $700 million of existing borrowings into the new facility. The move enhances liquidity and extends maturities to support general corporate purposes.
New agreement details:
- Agreement type: Five-year revolving credit facility (Second Amended and Restated Credit Agreement)
- Counterparty: Bank of America, as administrative agent, and other lenders
- Signed / Effective: Jul 30 2026 / Jul 30 2026
- Duration / Termination: 5 years (to Jul 30 2031)
- Reason: Refinance and extend liquidity for general corporate purposes
Terminated agreement details:
- Agreement terminated: Revolving credit agreement
- Counterparty: Bank of America and other lenders
- Original agreement date: N/A
- Termination date: Jul 30 2026
- Termination type: Early
- Exit fees / payments: None
- Reason: Replaced by amended and restated revolving credit facility
Original SEC Filing:
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