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Get filing alertsTaskUs refinances $500M debt to fund special dividend, tightens leverage covenant to 3.25x
Filed March 17, 2026 · Period ending March 11, 2026 · ~1 min read
Key Changes
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Borrowed $500M term loan and secured $100M revolver to refinance existing debt, pay fees, and fund previously announced special cash dividend to shareholders
Item 1.01 verify on EDGAR → -
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New debt carries interest at Term SOFR plus 2.75% or base rate plus 1.75%, maturing in five years with quarterly amortization starting September 2026
Item 1.01 verify on EDGAR → -
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Must maintain consolidated net leverage ratio below 3.25x, tested quarterly—a financial covenant that limits future borrowing capacity relative to earnings
Item 1.01 verify on EDGAR →
1 more material change behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Source-verified from EDGAR · Narrative written by AI · Jun 4, 2026 · How we verify