On March 25, 2026, Jack Henry & Associates, Inc. announced the execution of a new $1.0 billion revolving, unsecured Credit Agreement, replacing its previous $600 million facility. This strategic move aims to bolster the company's liquidity and financial flexibility. The new agreement, which spans five years, allows the company to refinance existing debt, fund capital expenditures, repurchase equity interests, and support general corporate purposes. The Credit Agreement features a variable interest rate based on either adjusted Term SOFR or an alternate base rate, with the applicable percentage determined by the company's leverage ratio. Notably, the agreement includes customary affirmative and negative covenants, ensuring that the company maintains a minimum ratio of Consolidated EBITDA to Consolidated Interest Expense of 3.50 to 1.00, and a maximum Net Leverage Ratio of 3.50 to 1.00. This refinancing is expected to enhance the company's operational execution and strategic outlook, providing a solid foundation for future growth initiatives.

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