Loan & DebtJul 30, 2026, 05:22 PM
Franklin Resources Secures $1.5B Credit Facility, Extends to 2031
AI Summary
Franklin Resources, Inc. has entered into a Second Amended and Restated Credit Agreement, establishing a new five-year revolving credit facility with aggregate commitments of $1.5 billion. This agreement extends the maturity of the facility to July 30, 2031, and includes an option to increase commitments by up to $500 million. Concurrently, the company terminated its previous $1.5 billion revolving credit agreement, which was set to mature in April 2030, rolling over the $700 million outstanding balance into the new facility.
Key Highlights
- Entered into a new $1.5 billion Second Amended and Restated Credit Agreement.
- Maturity of the revolving credit facility extended to July 30, 2031.
- Option to increase aggregate commitments by an additional $500 million.
- As of July 30, 2026, $700 million was outstanding under the new facility.
- The new agreement replaces the previous $1.5 billion credit agreement due April 30, 2030.
Price Impact
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