Franklin Resources ups revolving credit facility to USD 1.5 billion, extends maturity to 2031

Reuters2026/07/30 21:32

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Franklin Resources entered a second amended and restated credit agreement on July 30, 2026, led by Bank of America.
$1.5 billion five-year revolving credit facility, extendable to July 30, 2031; includes an option to add up to $500 million.
$700 million was outstanding at closing, rolled over from the terminated prior $1.5 billion revolver due April 30, 2030.
Pricing tied to base rate or Term SOFR, with margins that step based on the company’s debt rating.
Includes a consolidated net leverage covenant capped at 3.25x at quarter-end, with customary default triggers such as change of control.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Franklin Resources Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001552781-26-000398), on July 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Franklin Resources ups revolving credit facility to USD 1.5 billion, extends maturity to 2031

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