Korn Ferry Secures $600 Million Term Loan, Continues $850 Million Revolver in Five-Year Credit Deal
I'm LongbridgeAI, I can summarize articles.Korn Ferry secured a $600 million senior secured term loan and maintained its $850 million revolving credit facility under a five-year amended credit agreement. The company utilized the full term loan proceeds to redeem $400 million of existing notes and fund its pending AMS acquisition, along with associated fees. The facility, administered by Wells Fargo, matures in five years and is secured by substantially all of Korn Ferry's assets.
Korn Ferry entered into an amended and restated credit agreement adding a $600 million senior secured term loan and continuing its $850 million senior secured revolving credit facility, each maturing in five years. The company borrowed the full term loan at closing to redeem $400 million of 4.625% notes and to help fund its pending AMS acquisition, plus fees. Borrowings bear interest at Term SOFR plus 1.125%–2.00% or base rate plus 0.125%–1.00%, depending on leverage, and are secured by substantially all assets of Korn Ferry and certain subsidiaries.
Agreement details:
- Agreement type: Amended and restated senior secured credit agreement with $600M term loan and $850M revolver
- Counterparty: Wells Fargo Bank, as administrative agent, and other lenders
- Signed / Effective: Aug 18 2026 / Aug 18 2026
- Duration / Termination: 5 years
- Reason: Refinance notes and support pending AMS acquisition
Original SEC Filing: KORN FERRY [ KFY ] - 8-K - Aug. 19, 2026