Gen Digital extends $1.5 billion revolving facility maturity to March 27, 2031; borrows $2.7 billion Extended Term A loans under amended credit agreement with Bank of America as agent

Reuters03-28
<a href="https://laohu8.com/S/GEN">Gen Digital</a> extends $1.5 billion revolving facility maturity to March 27, 2031; borrows $2.7 billion Extended Term A loans under amended credit agreement with Bank of America as agent
  • Gen Digital entered a third amendment to its amended and restated credit agreement with Bank of America, as administrative agent, and the lenders and guarantors party to the agreement.
  • The amendment extended the maturity of the USD 1.5 billion revolving credit facility to March 27, 2031, subject to a springing maturity tied to a minimum liquidity test.
  • It also created a new class of term loans and extended a portion of the existing Tranche A term loans to the same maturity date.
  • Gen Digital issued USD 2.74 billion of Extended Term A loans and used the proceeds, along with cash on hand, to repay the remaining Initial Tranche A term loans.
  • The Extended Term A loans amortize in equal quarterly installments totaling 5% per year of the original principal amount for the term of the facility.


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. Gen Digital 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: 0000849399-26-000011), on March 27, 2026, and is solely responsible for the information contained therein.

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