Houlihan Lokey Inc. Expands Credit Facility to $150 Million with Revised Terms and Extended Maturity
Houlihan Lokey Inc. has recently entered into a significant amendment to its existing Credit Agreement, originally dated August 23, 2019. The Second Amendment, effective August 19, 2025, involves the company and certain subsidiaries enhancing their financial arrangements with Bank of America, N.A., and other lenders. Key changes include an increase in the revolving credit commitments from $100 million to $150 million, a reduction in the interest rate margin for borrowings based on an adjusted term SOFR rate from 1.00% to 0.95% per annum, and the elimination of the 0.10% credit spread adjustment. Additionally, the commitment fee has been reduced from 0.30% to 0.15% per annum, and the maturity of the credit facility has been extended to August 19, 2030. These modifications aim to provide Houlihan Lokey with more favorable financial terms and increased flexibility in its financial operations.
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