Korn Ferry Secures $1.45B Credit Facility to Fund AMS Acquisition
KFY sits 43% above its 52-week low of $58.95.
Summary
Korn Ferry entered into an amended and restated credit agreement on August 18, 2026, providing a $600 million term loan and an $850 million revolving credit facility, both maturing in five years. The proceeds will be used in part to finance the purchase price of the AMS acquisition, which is expected to close September 1, 2026. This follows the company's recent redemption of $400 million in senior notes and the amended AMS acquisition agreement. The new facility replaces prior credit arrangements and provides committed financing for the $1.1 billion deal. The revolver also adds liquidity flexibility for ongoing operations and share repurchases.
At the time of this announcement, KFY was trading at $84.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $4.3B. The 52-week trading range was $58.95 to $85.97. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Reuters.