FactSet extends debt maturities, ups revolver to $1.5B

Q: What credit facilities does FactSet Research Systems Inc. (FDS) have under its amended agreement?

FactSet has a $375,000,000 senior unsecured term loan facility and a senior unsecured revolving credit facility with aggregate commitments increased to $1,500,000,000 under the amended credit agreement.

Q: How did the amendment change the revolving credit facility for FDS?

The amendment extends the revolving facility’s maturity and commitment termination to August 28, 2031 and increases aggregate revolving commitments to $1,500,000,000 from $1,000,000,000.

Q: What happened to the term loan amortization in FDS’s amended credit agreement?

The amendment removes amortization on the existing $375,000,000 senior unsecured term loan facility, meaning scheduled principal repayments over the life of the facility are eliminated, subject to the final maturity on August 28, 2029.

Q: Did the amendment affect the interest spread for FDS’s floating-rate borrowings?

Yes. The amendment removes the 0.10% credit spread adjustment that previously applied to Daily Simple SONIA and Term SOFR borrowings under the credit agreement.

Q: When do FDS’s amended credit facilities now mature?

The term loan facility now has a scheduled final maturity on August 28, 2029, while the revolving credit facility has a scheduled final maturity and commitment termination on August 28, 2031.

FactSet Research Systems Inc. (FDS) amended its existing syndicated credit agreement with PNC Bank, National Association, and other lenders.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)How Sentiment works

Sentiment and the balance of points

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How Sentiment works How the balance works

Form Type

8-K

Rhea-AI Filing Summary

FactSet Research Systems Inc. (FDS) amended its existing syndicated credit agreement with PNC Bank, National Association, and other lenders. The prior agreement provided a senior unsecured term loan facility of $375,000,000 and a senior unsecured revolving credit facility with commitments of $1,000,000,000.

Under Amendment No. 1, the scheduled final maturity of the term loan facility is extended to August 28, 2029, and the scheduled final maturity and commitment termination of the revolving facility are extended to August 28, 2031, while increasing aggregate revolving commitments to $1,500,000,000. The amendment also removes the 0.10% credit spread adjustment for Daily Simple SONIA and Term SOFR borrowings and eliminates amortization on the term loan, along with other conforming changes.

Positive

Extended debt maturities to August 28, 2029 for the term loan and August 28, 2031 for the revolving facility, reducing near‑term refinancing pressure.
Increased revolving credit commitments from $1,000,000,000 to $1,500,000,000, providing greater committed liquidity capacity.
Removed term loan amortization, which can improve short- to medium-term cash flow flexibility.

Negative

None.

Filing Explained

On August 28, 2026, FactSet entered into the credit-agreement amendment and reported the amended facilities under Item 2.03 as a direct financial obligation, confirming that the disclosed maturity and commitment changes are in an entered agreement rather than a proposal.

8-K Event Classification

3 items: 1.01, 2.03, 9.01

3 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Existing Term Loan Facility: $375,000,000 Existing Revolving Facility Commitments: $1,000,000,000 Amended Revolving Facility Commitments: $1,500,000,000 +3 more

6 metrics

Existing Term Loan Facility $375,000,000 Aggregate principal amount of senior unsecured term loan facility under the Existing Credit Agreement

Existing Revolving Facility Commitments $1,000,000,000 Aggregate commitments under the senior unsecured revolving credit facility before amendment

Amended Revolving Facility Commitments $1,500,000,000 Aggregate revolving commitments after giving effect to Amendment No. 1

Credit Spread Adjustment Removed 0.10% Credit spread adjustment eliminated for Daily Simple SONIA and Term SOFR borrowings

Term Loan Final Maturity August 28, 2029 Scheduled final maturity of the senior unsecured term loan facility after amendment

Revolving Facility Final Maturity August 28, 2031 Scheduled final maturity and commitment termination of the revolving credit facility after amendment

Key Terms

senior unsecured term loan credit facility, senior unsecured revolving credit facility, Daily Simple SONIA, Term SOFR, +1 more

5 terms

senior unsecured term loan credit facility financial

"The Existing Credit Agreement provided for a senior unsecured term loan credit facility"

senior unsecured revolving credit facility financial

"and a senior unsecured revolving credit facility with aggregate commitments"

A senior unsecured revolving credit facility is a bank loan line that a company can draw, repay and redraw up to an agreed limit, similar to a company credit card. It is “senior” because lenders are paid before other creditors if the company fails, and “unsecured” because it isn’t backed by specific assets; investors watch it for signals about a company’s short-term cash flexibility, borrowing cost and financial risk.

Daily Simple SONIA financial

"remove the credit spread adjustment of 0.10% in respect of Daily Simple SONIA borrowings"

Daily simple SONIA is a widely used benchmark interest rate that reflects the actual overnight cost of borrowing British pounds, expressed as a straightforward daily rate without compounding. Investors use it to calculate interest payments, price loans, bonds and derivatives in a way similar to using a daily electricity meter reading to set your bill; small day-to-day changes can alter cash flows, valuations and hedging costs for financial contracts tied to it.

Term SOFR financial

"remove the credit spread adjustment of 0.10% in respect of Daily Simple SONIA borrowings and Term SOFR borrowings"

Term SOFR is a benchmark interest rate that reflects the cost of borrowing money over a specific period, based on actual transactions in the financial markets. It is used by lenders and borrowers to set the interest rates on loans and financial contracts, helping to ensure rates are fair and transparent. For investors, understanding term SOFR helps gauge borrowing costs and the overall direction of interest rates in the economy.

amortization financial

"remove the amortization with respect to the Existing Term Loan Facility"

Amortization is the process of spreading a large cost over a series of future periods, either by gradually writing off the value of an intangible asset (like a patent or license) or by showing how loan principal is paid down over time. For investors it matters because amortization affects reported profits and cash flow — similar to slicing a big bill into smaller monthly payments — and therefore influences valuations, comparisons between companies, and expectations for future earnings.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What credit facilities does FactSet Research Systems Inc. (FDS) have under its amended agreement?

FactSet has a $375,000,000 senior unsecured term loan facility and a senior unsecured revolving credit facility with aggregate commitments increased to $1,500,000,000 under the amended credit agreement.

How did the amendment change the revolving credit facility for FDS?

The amendment extends the revolving facility’s maturity and commitment termination to August 28, 2031 and increases aggregate revolving commitments to $1,500,000,000 from $1,000,000,000.

What happened to the term loan amortization in FDS’s amended credit agreement?

The amendment removes amortization on the existing $375,000,000 senior unsecured term loan facility, meaning scheduled principal repayments over the life of the facility are eliminated, subject to the final maturity on August 28, 2029.

Did the amendment affect the interest spread for FDS’s floating-rate borrowings?

Yes. The amendment removes the 0.10% credit spread adjustment that previously applied to Daily Simple SONIA and Term SOFR borrowings under the credit agreement.

When do FDS’s amended credit facilities now mature?

The term loan facility now has a scheduled final maturity on August 28, 2029, while the revolving credit facility has a scheduled final maturity and commitment termination on August 28, 2031.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/31/2026 - 04:31 PM EDT Accepted by SEC EDGAR 08/31/2026 - 04:30 PM EDT

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of

The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2026

FactSet Research Systems Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-11869

13-3362547

(State or other jurisdiction
of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

45 Glover Avenue

Norwalk, Connecticut 06850

(Address of principal executive offices) (Zip code)

Registrant’s telephone number, including area code: (203) 810-1000

Former name or former address, if changed since last report: None

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbols(s)	Name of each exchange on which registered
Common Stock, $0.01 Par Value	FDS	New York Stock Exchange LLC
		The Nasdaq Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01 Entry into a Material Definitive Agreement

On August 28, 2026, FactSet Research Systems Inc. (the “Company”) entered into Amendment No. 1 (the “Amendment Agreement”), among the Company, the lenders party thereto and PNC Bank, National Association, as the administrative agent, to amend the credit agreement dated as of April 8, 2025 (the “Existing Credit Agreement” and, as amended by the Amendment Agreement, the “Amended Credit Agreement”), among the Company, the borrowing subsidiaries from time to time party thereto, the lenders from time to time party thereto and PNC Bank, National Association, as the administrative agent.

The Existing Credit Agreement provided for a senior unsecured term loan credit facility in an aggregate principal amount of $375,000,000 (the “Existing Term Loan Facility”) and a senior unsecured revolving credit facility with aggregate commitments of $1,000,000,000 (the “Existing Revolving Facility”). Pursuant to the Amendment Agreement, the Existing Credit Agreement was amended to, among other things, (a) extend the scheduled final maturity of the Existing Term Loan Facility to August 28, 2029, (b) extend the scheduled final maturity and commitment termination of the Existing Revolving Facility to August 28, 2031 and increase the aggregate amount of the revolving commitments thereunder to $1,500,000,000, (c) remove the credit spread adjustment of 0.10% in respect of Daily Simple SONIA borrowings and Term SOFR borrowings, (d) remove the amortization with respect to the Existing Term Loan Facility and (e) effect certain other conforming changes and modifications consistent with the foregoing.

The foregoing description of the Amendment Agreement and Amended Credit Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Amendment Agreement, which is attached hereto as Exhibit 10.1, and the Amended Credit Agreement, which is included as Annex A to the Amendment Agreement, each of which is incorporated herein by reference.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information disclosed in this Current Report under Item 1.01 is incorporated into this Item 2.03 by reference.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

Exhibit No.		Description
10.1		Amendment No. 1 dated August 28, 2026, among the Company, the lenders party thereto and PNC Bank, National Association, as the administrative agent*
104		Cover page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

* Schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. FactSet Research Systems Inc. agrees to furnish supplementally a copy of any omitted attachment to the SEC on a confidential basis upon request.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	FACTSET RESEARCH SYSTEMS INC.
	(Registrant)


August 31, 2026	By:	/s/ Joshua B. Warren
		Name:	Joshua B. Warren
		Title:	Executive Vice President, Chief Financial Officer (Principal Financial Officer)

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

5 documents