Short answer
Fair Isaac (FICO) filed an 8-K current report with the SEC on June 8, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement), Item 8.01 (Other Events), Item 2.03 (Creation of a Direct Financial Obligation). $1.5B unsecured incremental term loan borrowed June 5, 2026.
Fair Isaac 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $1.5B unsecured incremental term loan borrowed June 5, 2026
- Debt maturity: May 15, 2028, increasing leverage and refinancing requirements
- Proceeds funding an accelerated share repurchase program, supporting near-term share count reduction
- Credit agreement amended with Wells Fargo as administrative agent and existing lender group
Item 8.01 · Other Events
- New $2.0B repurchase authorization replaces prior $1.5B program, signaling substantial capital return commitment
- $1.5B ASR with Wells Fargo Securities funded June 8, 2026
- Initial ASR delivery approximately 1,055,100 shares, with final shares tied to volume-weighted average price less discount
- ASR expected complete by September 30, 2026, leaving $500M authorization afterward
- Upfront cash deployment reduces liquidity; leverage, cash flow, and stock-price performance remain key investor considerations
Other items in this filing:
- Item 2.03: Creation of a Direct Financial Obligation
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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