Company: ALIT
Filing Date: 2025-06-03
Form Type: 8-K
Source: 0001809104-25-000185
Chunk: 1

Company: Alight, Inc. / Delaware
Filing Date: 2025-06-03
Form: 8-K
Item: Item 2.03
Chunk 1
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Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

On May 30, 2025 (the “ Amendment Effective Date”), Tempo Acquisition, LLC (the “ Borrower”), an indirect, wholly owned subsidiary of Alight, Inc. (the “ Company”) entered into Amendment No. 12 to Credit Agreement (the “ Amendment”), which amended its credit agreement, dated as of May 1, 2017 (as amended from time to time prior to the Amendment Effective Date, the “ Credit Agreement” and the Credit Agreement as amended by the Amendment, the “ Amended Credit Agreement”) among the Borrower, Tempo Intermediate Holding Company II, LLC, an indirect, wholly owned subsidiary of the Company and the direct parent entity of the Borrower, the guarantors identified therein, the lenders identified therein and Bank of America, N. A., as administrative agent. The Amendment establishes a new incremental revolving credit facility, increasing revolving credit commitments by $30.0 million to an aggregate principal amount of $330.0 million (the “2025 Incremental Revolving Credit Facility”). The 2025 Incremental Revolving Credit Facility fully replaces all of the revolving credit commitments under the Credit Agreement immediately prior to the Amendment Effective Date (the “ Existing Revolving Credit Commitments”), and the Existing Revolving Credit Commitments will be permanently reduced to $0 and terminated on the Amendment Effective Date. The 2025 Incremental Revolving Credit Facility has an extended maturity date of May 31, 2030; provided, that unless the seventh incremental term loans (or any permitted refinancing thereof) have been refinanced prior to June 1, 2028 (the “ Springing Maturity Date”) with debt that has a maturity date no earlier than the date that is 91 days following May 31, 2030 such that no greater than $500.0 million of the seventh incremental term loans remains outstanding on the Springing Maturity Date, then the 2025 Incremental Revolving Credit Facility will mature on the Springing Maturity Date.

As of the Amendment Effective Date, amounts drawn under the 2025 Incremental Revolving Credit Facility bear interest at SOFR plus an applicable rate between 1.75% and 2.25% per annum, and fees on the outstanding balance of letters of credit bear interest at an applicable rate between 1.75% and 2.25% per annum, in each case