Franklin Resources ups revolving credit facility to USD 1.5 billion, extends maturity to 2031

Franklin Resources entered a second amended and restated credit agreement on July 30, 2026, led by Bank of America.

• $1.5 billion five-year revolving credit facility, extendable to July 30, 2031; includes an option to add up to $500 million.
• $700 million was outstanding at closing, rolled over from the terminated prior $1.5 billion revolver due April 30, 2030.
• Pricing is tied to base rate or Term SOFR, with margins that step based on the company’s debt rating.
• The agreement includes a consolidated net leverage covenant capped at 3.25x at quarter-end, with customary default triggers such as change of control.