Form 8-K · Current report
Franklin Resources 8-K, filed Jul 30, 2026
- Filed
- CIK
- 0000038777
- Accession no.
- 0001552781-26-000398
Summary
Franklin Resources entered into a Second Amended and Restated Credit Agreement on July 30, 2026 with Bank of America, N.A. as administrative agent and other lenders, providing a $1.5 billion five-year revolving credit facility with the option to increase commitments by up to $500 million and extending maturity to July 30, 2031; concurrently it terminated its prior $1.5 billion revolving credit agreement, which had been scheduled to mature April 30, 2030.
Key points
- The facility carries $1,500,000,000 in aggregate commitments, with $700,000,000 outstanding as of the closing date, rolled over from the terminated original agreement.
- Borrowings bear interest at the company's option of a base rate or Term SOFR plus an applicable margin ranging from 0.625% to 1.25% based on Franklin Resources' debt rating.
- The agreement requires a consolidated net leverage ratio of no greater than 3.25 to 1.00, measured quarterly and subject to adjustments for qualified acquisitions.
- Borrowings may be used for general corporate purposes, and repayment obligations may be accelerated upon an event of default.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 1.01Entry into a Material Definitive Agreement
- 1.02Termination of a Material Definitive Agreement
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 9.01Financial Statements and Exhibits
From the filing
Item 1.01 Entry into a Material Definitive Agreement. Second Amended and Restated Credit Agreement On July 30, 2026 (the “Closing Date”), Franklin Resources, Inc., a Delaware corporation (the “Company”), entered into a Second Amended and Restated Credit Agreement (the “Second Amended and Restated Credit Agreement”), by and among the Company, as borrower, the financial institutions from time to time party thereto, as lenders, and Bank of America, N.A. (“Bank of America”), as administrative agent. Capitalized terms used and not defined herein have the meanings given to them in the Second Amended and Restated Credit Agreement. …
An excerpt of the text as filed with the SEC, cut for length.
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