Accenture plc

04/24/2026 | Press release | Distributed by Public on 04/24/2026 04:38

Material Agreement, Financial Obligation, Termination of Material Agreement (Form 8-K)

Item 1.01 Entry into a Material Definitive Agreement
On April 22, 2026, Accenture plc ("Accenture"), as guarantor, and certain of Accenture's subsidiaries, as borrowers (the "Borrowers"), entered into (i) a credit agreement (the "Five-Year Credit Agreement") with Bank of America, N.A., as administrative agent (the "Agent"), and the lenders named therein (the "Lenders"), which provides for a $5.925 billion senior unsecured revolving credit facility with a term of five years from the date of the Five-Year Credit Agreement and (ii) a 364-day credit agreement (the "364-Day Credit Agreement" and, together with the Five-Year Credit Agreement, the "Credit Agreements") with the Agent and the Lenders named therein, which provides for a $2.175 billion senior unsecured revolving credit facility with a term of 364-days from the date of the 364-Day Credit Agreement. The Credit Agreements replace Accenture's prior $5.5 billion senior unsecured revolving credit facility, which was terminated on April 22, 2026.
Borrowings under each Credit Agreement are available in U.S. dollars and other currencies as specified therein. U.S. dollar borrowings will bear interest at a rate based on the secured overnight financing rate (SOFR) or a base rate, at the Borrowers' election. Borrowings in other currencies will bear interest at a rate based on the interest benchmark for such currency specified in each Credit Agreement. In each case the interest rate will include an applicable margin determined based on Accenture's credit ratings from time to time. Each Credit Agreement also requires the Borrowers to pay certain customary fees.
The credit facilities provided under the Credit Agreements are available to be used for general corporate purposes, including to backstop issuances under Accenture's commercial paper program. In connection with the execution of the Credit Agreements, the maximum amount of commercial paper that may be issued under Accenture's commercial paper program will be correspondingly increased to $8.1 billion.
Each Credit Agreement contains customary representations and warranties and affirmative and negative covenants, including a requirement to maintain a minimum interest coverage ratio, and customary events of default.
The Agent and the Lenders and their respective affiliates have in the past performed, and may in the future perform, investment banking, financial advisory, lending, commercial banking, and/or other services for Accenture and its subsidiaries and to persons and entities with relationships with Accenture and its subsidiaries, for which they have received, and may in the future receive, customary fees and expenses.
The description of the Credit Agreements contained herein is qualified in its entirety by reference to the Five-Year Credit Agreement and the 364-Year Credit Agreement, copies of which are filed herewith as Exhibit 10.1 and Exhibit 10.2, respectively, and are incorporated herein by reference.
Item 1.02 Termination of a Material Definitive Agreement
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 1.02.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
The information provided in Item 1.01 of this Current Report on Form 8-K is incorporated by reference into this Item 2.03.
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