ACN · Accenture plc

Accenture plc has significantly expanded its liquidity capacity by executing two new credit agreements totaling $8.1 billion, effectively replacing a prior $5.5 billion facility. The new structure consists of a $5.925 billion five-year revolving credit facility and a $2.175 billion 364-day facility, both senior unsecured and arranged through Bank of America, N.A. as administrative agent. This expansion increases the total available revolving credit by approximately 47% compared to the terminated facility. A direct implication of this expanded credit capacity is the corresponding increase in the maximum allowable issuance for Accenture's commercial paper program to $8.1 billion, which enhances short-term financing flexibility. The facilities are priced based on SOFR or a base rate plus a margin determined by Accenture's credit ratings, aligning borrowing costs with the company's credit profile. The inclusion of a minimum interest coverage ratio covenant provides a standard financial safeguard for lenders while remaining consistent with typical investment-grade credit agreements. The termination of the prior $5.5 billion facility marks a clean transition to the new credit structure.