Fair Isaac Corporation Amends Credit Agreement to Include $450M Term Loan

Details

The amendment also confirms the existing $600 million revolving loan facility and the $300 million term loan borrowed in October 2021. The new loan does not require scheduled principal repayments before maturity and can be prepaid without penalty. The amendment is subject to the terms and conditions of the existing credit agreement, including financial covenants and events of default.

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About Fair Isaac Corporation

Fair Isaac Corporation is a pioneering analytics company known for its Fair Isaac Credit Organization score, commonly referred to as the FICO score. This score plays an essential role in the financial services industry by assessing consumer credit risk, impacting sectors such as banking, insurance, and retail. The FICO score aids financial institutions in making informed lending decisions by quantifying a borrower's creditworthiness. Beyond credit scoring, Fair Isaac Corporation offers a range of data analytics, decision management and predictive analytics solutions designed to enhance business performance. Serving a global clientele, the company's tools are instrumental in reducing credit losses and fraud while optimizing customer interactions. Founded in 1956 with headquarters in Bozeman, Montana, Fair Isaac Corporation continues to hold significant market influence as it bridges the gap between data analytics and business decision-making processes.