FactSet Research Systems Inc. Amends Credit Agreement; Revolver Raised to $1.5B

What Happened
FactSet Research Systems Inc. filed an 8-K disclosing Amendment No. 1 (dated August 28, 2026) to its credit agreement originally dated April 8, 2025. The amendment (the “Amended Credit Agreement”) extends the scheduled final maturities, increases the size of the revolving credit facility, removes amortization on the term loan, and eliminates a 0.10% credit spread adjustment for certain benchmark-rate borrowings. PNC Bank, N.A. remains the administrative agent.

Key Details

• Amendment No. 1 dated August 28, 2026 to the Existing Credit Agreement (original date: April 8, 2025).
• Revolving facility increased from $1,000,000,000 to $1,500,000,000 and its scheduled final maturity/commitment termination extended to August 28, 2031.
• Existing senior unsecured term loan facility of $375,000,000 now has a scheduled final maturity of August 28, 2029 and the amendment removes its scheduled amortization.
• The 0.10% credit spread adjustment for Daily Simple SONIA and Term SOFR borrowings was removed; PNC Bank, N.A. serves as administrative agent. The amendment is attached as Exhibit 10.1 to the filing.

Why It Matters
This amendment increases FactSet’s available liquidity (larger revolver) and pushes out near‑term refinancing risk by extending maturities, which can be important for cash management and flexibility. Removing term loan amortization reduces required principal repayments before maturity, and eliminating the 0.10% spread affects the company’s interest cost on certain benchmark-rate borrowings. Investors should note these are contractual financing changes disclosed under Item 1.01 (and reflected as a modification of financial obligations under Item 2.03).