Item 1.01. Entry into a Material Definitive Agreement.
OnMay 25, 2023 ,H&R Block, Inc. (the "Company") and its wholly-owned subsidiary,Block Financial LLC ("Block Financial"), entered into the First Amendment (the "Amendment") to the Fourth Amended and Restated Credit and Guarantee Agreement, dated as ofJune 11, 2021 (the "Agreement"), by and among Block Financial, as borrower, the Company, as guarantor, the lenders party thereto from time to time (the "Lenders"), andJPMorgan Chase Bank, N.A ., as administrative agent (the "Agent").
Pursuant to the terms of the Amendment, Block Financial, the Company, the
Lenders, and the Agent have agreed to replace the LIBOR-based interest rate
applicable to borrowings under the Agreement with a SOFR-based interest rate in
advance of the cessation of LIBOR occurring on
The foregoing description of the Amendment does not purport to be complete and is subject to, and is qualified in its entirety by reference to, the Amendment, as executed by the parties thereto, which is attached hereto as Exhibit 10.1 and incorporated herein by reference.
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
The information included in Item 1.01 above is incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description 10.1 First Amendment to Fourth Amended and
Restated Credit and Guarantee
Agreement, datedMay 25, 2023 , by and
among
Block, Inc., the lenders party thereto
from time to time, and JPMorgan
Chase Bank, N.A. , as administrative agent 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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