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Get filing alertsKorn Ferry issues conditional notice to redeem $400M 4.625% 2027 notes at par Aug 18
Filed August 6, 2026 · Period ending August 6, 2026 · ~1 min read
Key Changes
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Korn Ferry will redeem the entire $400M outstanding principal of its 4.625% Senior Notes due 2027 on Aug 18, 2026, at par plus accrued interest, contingent on completing debt financing of at least $400M by that date.
Item 8.01 verify on EDGAR → -
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The redemption is conditional on the company securing at least $400M in gross proceeds from new debt financing by the redemption date, though Korn Ferry may waive this condition at its discretion.
Item 8.01 verify on EDGAR → -
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The redemption will be funded through refinancing rather than existing cash, indicating the company intends to replace the 2027 notes with new debt rather than delever.
Item 8.01 verify on EDGAR →
Summary
Korn Ferry announced it intends to redeem the full $400 million outstanding principal of its 4.625% Senior Notes due 2027 on August 18, 2026, at par plus accrued interest. The redemption is conditional on the company completing one or more debt financing transactions that generate at least $400 million in gross proceeds by the redemption date, though Korn Ferry retains discretion to waive this condition.
For retail holders, this is a routine refinancing event. The company is replacing debt maturing in 2027 with new financing, likely to extend maturities or adjust terms. The conditional structure is standard for redemptions funded by new issuance.
The filing does not disclose terms of the contemplated new debt, so investors cannot yet assess whether the refinancing improves or worsens the company's cost of capital or covenant flexibility. The redemption itself has no direct impact on equity holders beyond the capital structure adjustment.
Section-by-Section Diff
Event · Item 8.01 — Other Events
Item 8.01 — Other Events filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On August 6, 2026, Korn Ferry, a Delaware corporation (the “Company”), issued a conditional notice of redemption (the “Notice”) for the redemption (the “Redemption”) of its 4.625% Senior Notes due 2027 (CUSIP Nos. 50067P AA7/U5007Q AA9) (the “Notes”)
Korn Ferry announced it will redeem the entire outstanding principal amount of its 4.625% Senior Notes due 2027. The redemption is scheduled for August 18, 2026, at a price equal to 100% of the outstanding principal amount plus accrued and unpaid interest.
Added in current filing · verify on EDGAR →
The Redemption is conditioned upon the completion of one or more debt financing transactions and the receipt of aggregate gross proceeds by the Company of at least $400 million on or before the Redemption Date, which condition may be waived by the Company in its sole discretion.
The redemption is conditional on Korn Ferry completing debt financing transactions that generate at least $400 million in gross proceeds by August 18, 2026. The company retains discretion to waive this condition. This indicates the redemption will likely be funded through refinancing rather than cash on hand.
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Figures/quotes linked to EDGAR · Narrative written by AI · Aug 8, 2026 · How we verify