Alight Inc., through its indirect wholly-owned subsidiary Tempo Acquisition, LLC, has entered into a significant amendment to its existing credit agreement. As of May 30, 2025, the Amendment No. 12 to the Credit Agreement introduces a new incremental revolving credit facility, boosting the revolving credit commitments by $30 million, bringing the total to $330 million. This amendment effectively replaces the prior revolving credit commitments which have been reduced to zero. The newly established facility has an extended maturity date of May 31, 2030, with specific refinancing conditions set for 2028. The facility bears interest at SOFR plus a rate between 1.75% and 2.25%, contingent on the Borrower's consolidated first lien net leverage ratio. This strategic financial move is expected to provide Alight Inc. with enhanced liquidity and financial flexibility.
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