Loan & DebtAug 6, 2026, 04:50 PM
Korn Ferry to Redeem $400M Senior Notes Due 2027
AI Summary
Korn Ferry announced a conditional notice of redemption for its 4.625% Senior Notes due 2027. The company intends to redeem the full outstanding principal amount of $400 million on August 18, 2026, at 100% of the principal plus accrued interest. This redemption is contingent upon the completion of new debt financing transactions yielding at least $400 million, a condition which Korn Ferry may waive at its discretion.
Key Highlights
- Korn Ferry issued a conditional notice to redeem its 4.625% Senior Notes due 2027.
- The company plans to redeem the entire outstanding principal amount of $400 million.
- Redemption will occur on August 18, 2026, at 100% of the principal amount plus accrued interest.
- The redemption is conditioned on completing debt financing transactions for at least $400 million.
- The company has the sole discretion to waive the financing condition.
Price Impact
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