Victory Capital Holdings, Inc. 8-K

What Happened

• Victory Capital Holdings, Inc. filed an 8-K on May 21, 2026 disclosing that on May 18, 2026 it entered into a Seventh Amendment to its Credit Agreement with Bank of America, N.A. as administrative agent.
• Under the Seventh Amendment the company refinanced its existing term loans into "Repriced Term Loans" that bear interest at the company's option of either SOFR plus a margin of 1.75% or an alternate base rate plus a margin of 0.75%. The Repriced Term Loans otherwise remain subject to substantially similar terms as the prior loans.

Key Details

• Amendment date: May 18, 2026; 8-K filed May 21, 2026.
• New pricing options: SOFR + 1.75% or alternate base rate + 0.75%.
• Administrative agent: Bank of America, N.A.; this is the Seventh Amendment to the original July 1, 2019 Credit Agreement.
• The Repriced Term Loans replace the Existing Term Loans but are otherwise substantially similar in terms.

Why It Matters

• This amendment affects the company’s borrowing costs by setting the new interest pricing formula for its term loans, which will influence future interest expense and cash flow.
• Keeping substantially similar loan terms while updating pricing suggests a refinancing rather than a material change in covenants or structure; investors should monitor future interest expense disclosures and any related covenant updates in subsequent filings.