JKHY · 10-Q · 2026Q3 · Full report

Interest Rate Exposure

JACK HENRY & ASSOCIATES INC · 2026-11-06 · Importance 70 · Surprise 82

On March 25, 2026, the company entered a five-year, unsecured revolving credit agreement allowing borrowings up to $1 billion. Borrowings bear variable interest based on adjusted Term SOFR or an alternate base rate, plus a percentage determined by the company’s leverage ratio. Outstanding borrowings were $85 million at September 30, 2026, compared with $40 million at June 30, 2026; the agreement terminates March 25, 2031.

Key facts

• JACK HENRY & ASSOCIATES INC's revolving credit agreement bears variable interest based on adjusted Term SOFR or an alternate base rate, plus a percentage determined by its leverage ratio. source
• JACK HENRY & ASSOCIATES INC attributed lower interest income and higher interest expense in the three months ended September 30, 2026, to lower interest-earning balances and higher credit line balances, respectively. source