Financing ·
Fair Isaac Corporation announced a significant capital restructuring by entering into a Third Amended and Restated…
FICOFair Isaac Corp
Fair Isaac Corporation announced a significant capital restructuring by entering into a Third Amended and Restated Credit Agreement establishing a $1.0 billion unsecured revolving credit facility, alongside closing a private offering of $1.5 billion in 6.000% Senior Notes due 2033. This combined financing provides substantial liquidity and is intended to repay existing indebtedness and fund general corporate purposes. Investors should note that the new credit facility imposes a financial covenant limiting the consolidated leverage ratio to no greater than 3.5 to 1.00, which will govern the company's future financial flexibility.