Accenture plc Files 8-K: Material Agreement & Financial Obligation

TL;DR

Accenture signed a big deal and took on new debt.

AI Summary

On May 14, 2024, Accenture plc entered into a material definitive agreement. The company also created a direct financial obligation or an obligation under an off-balance sheet arrangement. Specific details of the agreement and financial obligations are not provided in this filing excerpt.

Why It Matters

This filing indicates Accenture plc has entered into a significant new agreement and potentially taken on new financial commitments, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing indicates a material definitive agreement and a new financial obligation, suggesting potential changes to the company's financial structure that warrant attention.

Key Players & Entities

• Accenture plc (company) — Registrant
• May 14, 2024 (date) — Date of earliest event reported

FAQ

Key Financial Figures

• $0.0000225 — red Class A ordinary shares, par value $0.0000225 per share ACN New York Stock Exchange
• $5.5 billion — "). The Credit Agreement provides for a $5.5 billion senior unsecured revolving credit facil
• $3.0 billion — reement, and replaces Accenture's prior $3.0 billion senior unsecured revolving credit facil

Filing Documents

• acn-20240514.htm (8-K) — 28KB
• acn05142024101excreditagre.htm (EX-10.1) — 1255KB
• acn-20240514_g1.jpg (GRAPHIC) — 15KB
• 0001467373-24-000157.txt ( ) — 1647KB
• acn-20240514.xsd (EX-101.SCH) — 2KB
• acn-20240514_lab.xml (EX-101.LAB) — 23KB
• acn-20240514_pre.xml (EX-101.PRE) — 13KB
• acn-20240514_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement On May 14, 2024, Accenture plc ("Accenture"), as guarantor, and certain of Accenture's subsidiaries, as borrowers (the "Borrowers"), entered into a credit agreement (the "Credit Agreement") with JPMorgan Chase Bank, N.A., as administrative agent (the "Agent"), and the lenders named therein (the "Lenders"). The Credit Agreement provides for a $5.5 billion senior unsecured revolving credit facility with a term of five years from the date of the Credit Agreement, and replaces Accenture's prior $3.0 billion senior unsecured revolving credit facility, which was scheduled to mature on April 24, 2026. Borrowings under the 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 the Credit Agreement. In each case the interest rate will include an applicable margin determined based on Accenture's credit ratings from time to time. The Credit Agreement also requires the Borrowers to pay certain customary fees. The credit facility provided under the Credit Agreement is 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 Agreement, the maximum amount of commercial paper that may be issued under Accenture's commercial paper program will be correspondingly increased to $5.5 billion. The Credit Agreement contains customary representations and warranties and affirmative and negative covenants, including a requirement to maintain a maximum consolidated leverage 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

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 10.1 Credit Agreement, dated as of May 14, 2024, among Accenture plc, the borrowers party thereto, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL

Signatures

Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. Date: May 17, 2024 ACCENTURE PLC By: /s/ Joel Unruch Name: Joel Unruch Title: General Counsel & Corporate Secretary

View Full Filing

View this 8-K filing on SEC EDGAR