Gen Digital (NASDAQ: GEN) extends key credit facilities to 2031

NodeGuardian · 2026-03-27T21:33:52+00:00

Gen Digital Inc. has restructured its credit agreement by extending its revolving credit facility to 2031 and converting term loans into $2,741 million in Extended Term A Loans, with adjusted interest rates and 5% annual amortization, enhancing its financial stability.

NodeGuardian

2026-03-27 21:33:52

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Gen Digital Inc. has extended its revolving credit facility to March 27, 2031, and refinanced its Initial Tranche A Term Loans into new Extended Term A Loans totaling $2,741 million. This amendment to its credit agreement adjusts interest rates based on debt rating and total leverage ratio, and the Extended Term A Loans will amortize at 5% annually, solidifying its financial structure for the coming years.

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