FICO draws USD 1.5 billion incremental term loan under amended credit agreement

Fair Isaac

Fair Isaac

FICO

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  • FICO amended its credit agreement to add a USD 1.5 billion incremental term loan, fully drawn on June 5, 2026.
  • Loan proceeds earmarked to fund a USD 1.5 billion accelerated share repurchase program under an agreement with Wells Fargo Securities.
  • Upfront ASR payment set for June 8, 2026; initial delivery expected at about 1,055,100 shares.
  • Final share count tied to the stock’s volume-weighted average price during the ASR term, less a discount, subject to adjustments.
  • ASR transactions expected to finish by the end of fiscal 2026 on September 30, 2026.


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