Summary
Accenture plc (ACN) has announced the establishment of new credit facilities, replacing its previous revolving credit line. On April 22, 2026, the company and certain subsidiaries entered into two credit agreements: a $5.925 billion senior unsecured revolving credit facility with a five-year term and a $2.175 billion senior unsecured revolving credit facility with a 364-day term. These new facilities collectively provide $8.1 billion in borrowing capacity and are designed to support general corporate purposes, including backing its commercial paper program, which will see its maximum issuance amount correspondingly increased. The company's prior $5.5 billion credit facility was terminated on the same date. The new facilities are unsecured and will bear interest based on SOFR or a base rate for U.S. dollar borrowings, with rates for other currencies tied to specified benchmarks, plus an applicable margin influenced by Accenture's credit ratings. The agreements include standard covenants and events of default, with a minimum interest coverage ratio requirement.
Key Highlights
- 1Accenture secured a new five-year, $5.925 billion senior unsecured revolving credit facility.
- 2A new 364-day, $2.175 billion senior unsecured revolving credit facility was also established.
- 3The combined new credit facilities total $8.1 billion, replacing a prior $5.5 billion facility.
- 4Funds from these credit lines are for general corporate purposes and to backstop commercial paper issuances.
- 5The maximum amount of commercial paper Accenture can issue has been increased to $8.1 billion.
- 6Borrowings will be based on SOFR or a base rate (for USD) plus an applicable margin tied to credit ratings.
- 7The new agreements include customary covenants, such as a minimum interest coverage ratio.