Korn Ferry has entered into a new credit agreement with Wells Fargo Bank, National Association, and other lender parties, effective July 1, 2025. The agreement establishes an $850 million five-year senior secured revolving credit facility. Additionally, Korn Ferry has the option to incur term loans or increase the revolving commitments by up to $600 million, with further increases subject to a secured net leverage ratio of 3.25 to 1.00. This agreement is secured by substantially all of Korn Ferry's assets and those of its subsidiary guarantors. The new arrangement also facilitated the repayment of all outstanding obligations under Korn Ferry's previous credit agreement with Bank of America, N.A.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Korn Ferry published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-154304), on July 02, 2025, and is solely responsible for the information contained therein.