Morningstar, Inc. Files 8-K with Material Agreements and Financial Updates

TL;DR

Morningstar 8-K: Material agreements entered/terminated, new debt, and security holder rights changed. Check financials.

AI Summary

On October 31, 2025, Morningstar, Inc. filed an 8-K report detailing several material events. These include the entry into and termination of material definitive agreements, the creation of direct financial obligations, and modifications to security holder rights. The filing also covers financial statements and exhibits.

Why It Matters

This 8-K filing signals significant corporate actions by Morningstar, Inc., potentially impacting its financial obligations, agreements, and shareholder rights.

Risk Assessment

Risk Level: medium — The filing indicates significant corporate actions including material agreements, financial obligations, and changes to security holder rights, which could introduce financial or operational risks.

Key Numbers

• 000-51280 — SEC File Number (Identifies the specific SEC filing for Morningstar, Inc.)
• 36-3297908 — EIN (Employer Identification Number for Morningstar, Inc.)

Key Players & Entities

• Morningstar, Inc. (company) — Registrant
• October 31, 2025 (date) — Date of earliest event reported
• Illinois (jurisdiction) — State of incorporation
• 36-3297908 (ein) — I.R.S. Employer Identification No.
• 22 West Washington Street (address) — Principal executive offices
• Chicago (city) — Principal executive offices
• 60602 (zip_code) — Principal executive offices

FAQ

Key Financial Figures

• $1.5 b — lity with a borrowing capacity of up to $1.5 billion, including a five-year $750.0 mil
• $750.0 million — to $1.5 billion, including a five-year $750.0 million revolving credit facility (the "Revolvi
• $375.0 million — ear delayed draw term facility of up to $375.0 million (the "A-1 Facility") and a three-year $
• $50.0 million — also provides for the issuance of up to $50.0 million of letters of credit and a $100.0 milli
• $100.0 million — 50.0 million of letters of credit and a $100.0 million sublimit for a swingline facility under
• $170.0 m — under the Revolving Credit Facility was $170.0 million, which represents a rollover of a

Filing Documents

• tm2529887d1_8k.htm (8-K) — 39KB
• tm2529887d1_ex10-1.htm (EX-10.1) — 1151KB
• 0001104659-25-104692.txt ( ) — 1596KB
• morn-20251031.xsd (EX-101.SCH) — 3KB
• morn-20251031_lab.xml (EX-101.LAB) — 33KB
• morn-20251031_pre.xml (EX-101.PRE) — 22KB
• tm2529887d1_8k_htm.xml (XML) — 3KB

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On October 31, 2025 Morningstar, Inc. ("Morningstar" or the "Company"), certain foreign subsidiaries of the Company as designated borrowers (the "Designated Borrowers") and certain subsidiaries of the Company as guarantors entered into a new Credit Agreement (the "Credit Agreement") with Bank of America, N.A., as Administrative Agent, L/C Issuer and Swingline Lender (the "Agent") and the other lenders party thereto. The Credit Agreement provides Morningstar with a multi-currency credit facility with a borrowing capacity of up to $1.5 billion, including a five-year $750.0 million revolving credit facility (the "Revolving Credit Facility"), a five-year delayed draw term facility of up to $375.0 million (the "A-1 Facility") and a three-year $375.0 million term facility (the "A-2 Facility" and, together with the A-1 Facility and the Revolving Credit Facility, the "Facility"). The Credit Agreement also provides for the issuance of up to $50.0 million of letters of credit and a $100.0 million sublimit for a swingline facility under the Revolving Credit Facility. In connection with the entry into the Credit Agreement, the Company terminated its existing credit agreement, dated as of May 6, 2022, among the Company, certain subsidiaries of the Company, Bank of America, N.A. and the other lenders party thereto (as amended, restated or supplemented from time to time, the "Existing Credit Agreement"). As of October 31, 2025, the aggregate principal balance outstanding under the Revolving Credit Facility was $170.0 million, which represents a rollover of amounts outstanding under the Company's previous credit agreement. The proceeds of borrowings under the Facility may be used to refinance existing indebtedness (including all amounts borrowed under the Existing Credit Agreement), pay fees and expenses in connection with the Facility and for other lawful corporate purposes. The interest rate applicable to loans under the Cr

02

Item 1.02 Termination of a Material Definitive Agreement. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

03. Material Modification to Rights of Security Holders

Item 3.03. Material Modification to Rights of Security Holders. The information set forth in Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits: Exhibit No. Description 10.1 Credit Agreement, dated as of October 31, 2025, by and among Morningstar, Inc., certain subsidiaries of Morningstar, Inc., Bank of America, N.A. and the other lenders party thereto. 104 The cover page from this Current Report on Form 8-K formatted in Inline XBRL (included as Exhibit 101). 2

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. MORNINGSTAR, INC. Date: October 31, 2025 By: /s/ Michael Holt Name: Michael Holt Title: Chief Financial Officer 3

View Full Filing

View this 8-K filing on SEC EDGAR