Franklin Resources Expands and Extends Revolving Credit Facility
Complete. Here is the key summaryFranklin Resources (BEN) entered a Second Amended and Restated Credit Agreement on July 30, 2026, replacing its prior facility with Bank of America. The new $1.5 billion five-year revolving credit facility matures in July 2031, includes an option for $500 million additional commitments, and features tiered interest rates based on debt ratings. This restructuring enhances funding flexibility for general corporate purposes while maintaining lender relationships.
Franklin Resources ( (BEN) ) has shared an announcement.
On July 30, 2026, Franklin Resources entered into a Second Amended and Restated Credit Agreement, replacing its prior revolving credit facility with Bank of America and other lenders. The new agreement increases aggregate commitments to a $1.5 billion five-year revolving credit facility, extends maturity to July 30, 2031, and allows for an additional $500 million in potential commitments, with $700 million outstanding as of the closing date.
The facility includes tiered interest rates and commitment fees based on the company’s debt rating, as well as customary covenants and a consolidated net leverage cap of 3.25 times. The termination of the original $1.5 billion facility scheduled to mature in 2030 and the rollover of existing borrowings into the new structure enhances Franklin Resources’ funding flexibility for general corporate purposes while maintaining lender relationships and formalizing performance thresholds and default protections.
The most recent analyst rating on (BEN) stock is a Hold
with a $34.00 price target.
To see the full list of analyst forecasts on Franklin Resources stock,
see the BEN Stock Forecast page.
Spark’s Take on BEN Stock
According to Spark, TipRanks’ AI Analyst, BEN is a Neutral.
BEN scores as a steady, mid-range opportunity driven primarily by solid cash generation and improving operating outlook, but held back by still-compressed profitability versus historical peaks. Technicals are mixed with limited near-term momentum, valuation is only moderately supported (high yield but a higher P/E), while earnings-call guidance and recent event risk reduction (legal overhang resolved) provide notable upside support.
To see Spark’s full report on BEN stock,
click here.
More about Franklin Resources
Franklin Resources, Inc. is a Delaware-based asset management company operating in the financial services industry. The firm provides investment management and related services through a network of subsidiaries and relies on committed credit facilities to support general corporate purposes and balance sheet flexibility in its global operations.
Average Trading Volume: 4,435,106
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.32B
Learn more about BEN stock on TipRanks’ Stock Analysis page.