NEW YORK (S&P Global Ratings) May 8, 2025--S&P Global Ratings today assigned its ?BB+? issue-level rating to Bozeman, Mont.-based analytics company Fair Isaac Corp.?s (FICO) proposed senior unsecured notes due in 2033, which will rank equally in right of payment with the company?s other outstanding unsecured debt. The company expects to use the expected $1.5 billion of proceeds to refinance its $705 million existing term loan A due 2026, term out its existing revolver balance of $480 million, and add $315 million of cash to the balance sheet. The company will also replace its existing $600 million revolver due 2026 with a new $1 billion revolver due 2030 (unrated). All our other ratings on FICO, including our ?BB+? issuer credit
