Kyndryl Holdings Inc. announced it has entered into an amended five-year revolving credit agreement. This agreement extends the expiration date to March 14, 2030, providing the company with long-term financial flexibility.
The amended agreement permits borrowing up to $3.15 billion on a revolving basis, which is consistent with the existing agreement. This maintains Kyndryl's access to substantial liquidity for its operational and strategic needs.
This financial move underscores Kyndryl's commitment to maintaining a prudent capital structure and its ability to execute on strategic initiatives, as previously communicated at its Investor Day.
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