Korn Ferry entered into an amended and restated credit agreement, securing a new $600 million senior secured term loan and continuing its existing $850 million revolving credit facility. The company immediately borrowed the full $600 million term loan, using the proceeds to redeem $400 million of existing senior notes and to partially fund the previously announced acquisition of AMS.
Key Details
- New Credit Facilities: The agreement, effective August 18, 2026, establishes a $600 million term loan and continues an $850 million revolving credit facility, both with a five-year maturity date of August 18, 2031.
- Debt Redemption: The company used $400 million from the new term loan to redeem all of its outstanding 4.625% Senior Notes due 2027.
- Acquisition Financing: The remaining proceeds from the term loan are designated to finance a portion of the pending acquisition of AMS and to cover related fees and expenses.