Gen Digital refinances $2.7B in debt, extends maturity to 2031 with new credit facility

Filed March 27, 2026 · Period ending March 27, 2026 · ~1 min read

Key Changes

• high

  Company borrowed $2.741 billion in new term loans to fully repay existing debt, extending maturity to March 2031. Interest rates float based on SOFR or base rate plus margins tied to credit rating or leverage ratio.

  Item 1.01 verify on EDGAR →
• high

  Extended $1.5 billion revolving credit facility maturity to 2031, but extension includes springing maturity clause that could accelerate repayment if company fails minimum liquidity test.

  Item 1.01 verify on EDGAR →
• medium

  New term loans require 5% annual amortization ($137M yearly in mandatory principal payments), while revolving facility has no amortization until maturity.

  Item 1.01 verify on EDGAR →