01—Abstract
Summary
Summary of the 8-K filed April 24, 2026. Cited figures are marked; the original filing is the authoritative source.
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 billiona 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.
02—Key points
Key Highlights
- Accenture secured a new five-year, $5.925 billion senior unsecured revolving credit facility.
- A new 364-day, $2.175 billion senior unsecured revolving credit facility was also established.
- The combined new credit facilities total $8.1 billion, replacing a prior $5.5 billion facility.
- Funds from these credit lines are for general corporate purposes and to backstop commercial paper issuances.
- The maximum amount of commercial paper Accenture can issue has been increased to $8.1 billion.
- Borrowings will be based on SOFR or a base rate (for USD) plus an applicable margin tied to credit ratings.
- The new agreements include customary covenants, such as a minimum interest coverage ratio.
03—Questions
Frequently Asked Questions
What is the total new borrowing capacity secured by Accenture?
Accenture has secured a total of $8.1 billion in borrowing capacity through two new revolving credit facilities: a $5.925 billion five-year facility and a $2.175 billion 364-day facility.
What will these new credit facilities be used for?
The credit facilities are available for Accenture's general corporate purposes, which notably include backstopping issuances under its commercial paper program.
How does this change compare to Accenture's previous credit arrangements?
These new facilities replace Accenture's prior $5.5 billion senior unsecured revolving credit facility, which was terminated on April 22, 2026. The total new capacity is higher than the previous facility.
What are the interest rate terms for borrowings under these new facilities?
For U.S. dollar borrowings, interest rates will be based on the Secured Overnight Financing Rate (SOFR) or a base rate, at the borrowers' election. For borrowings in other currencies, rates will be based on specified benchmarks for those currencies. In both cases, an applicable margin based on Accenture's credit ratings will be added.
04—Continue