Globant S.A. filed a Form 6-K on October 29, 2026, disclosing that it and its U.S. subsidiary Globant, LLC entered into Amendment No. 2 to the Fourth Amended and Restated Credit Agreement, establishing a $300 million term loan and a $550 million revolving credit facility maturing October 29, 2031.

Key Highlights

  • Amendment effective October 29, 2026: Globant S.A. became an additional borrower under the Credit Agreement and refinanced in part existing term loan indebtedness.
  • $300 million Term Loan: The outstanding principal amount of the term loan tranche is $300 million, held by a syndicate of nine lenders led by HSBC Bank USA, National Association.
  • $550 million Revolving Facility: Borrowers may draw up to $550 million under the revolving credit facility, subject to a $300 million sublimit and a $50 million minimum liquidity condition for loans borrowed directly by the Company.
  • Maturity date October 29, 2031: Both the Term Loan and the Revolving Loan mature on October 29, 2031.
  • Interest rate tied to SOFR or Alternate Base Rate: Interest accrues at SOFR plus between 1.00% and 1.875%, or the Alternate Base Rate plus between 0.00% and 0.875%, at the Borrowers' option.
  • Incremental capacity up to $350 million plus additional amounts: The Credit Agreement permits requests for increases to the revolving facility and additional term loan tranches, subject to a Maximum Net Leverage Ratio not exceeding 3.00:1.00.
  • Minimum interest coverage ratio of 3.50:1.00: The Borrowers are required to comply with this covenant under the Credit Agreement.

Globant's October 2026 Credit Agreement Amendment: Key Terms and Structure

According to the filing, Globant S.A. (NYSE:GLOB) and Globant, LLC entered into Amendment No. 2 to the Fourth Amended and Restated Credit Agreement on October 29, 2026, with HSBC Bank USA, National Association acting as administrative agent, issuing bank, and swingline lender. The amendment built upon the Existing Credit Agreement dated May 31, 2023, as previously modified by Amendment No. 1 dated June 18, 2025. The Company disclosed that, in connection with the amendment, it became an additional borrower and the Borrowers refinanced in part the term loan indebtedness outstanding under the prior agreement, using "a combination of cash from the balance sheet and Revolving Loan borrowings."

The filing identifies the term loan lender syndicate as HSBC Bank USA, National Association; Bank of China Limited, New York Branch; PNC Bank, National Association; Citibank, N.A.; Bank of America, N.A.; Banco Bilbao Vizcaya Argentaria, S.A. New York Branch; BNP Paribas; First-Citizens Bank & Trust Company; and Taiwan Cooperative Bank, Ltd. The revolving credit facility syndicate includes those lenders plus JPMorgan Chase Bank, N.A. and Goldman Sachs Bank USA. HSBC Securities (USA), Inc., Bank of China Limited, New York Branch, PNC Capital Markets LLC, Citibank, N.A., and Bank of America, N.A. acted as Joint Lead Arrangers and Joint Bookrunners.

The Borrowers' obligations are guaranteed by Globant España S.A. and Globant IT Services Corp. and are secured by substantially all of the Original Borrower's and subsidiary guarantor's assets, as well as certain of the Company's receivables and bank accounts in Luxembourg, according to the filing. The Credit Agreement also includes, as the filing notes, "customary negative and affirmative covenants, compliance with which may limit the flexibility of the Borrowers in operating their business." For margin and commitment fee purposes, no more than $100,000,000 of unrestricted, unencumbered cash or cash equivalents may be used in calculating the Maximum Net Leverage Ratio.

What Was Disclosed

Globant S.A. disclosed the execution of Amendment No. 2 to its Fourth Amended and Restated Credit Agreement, establishing a $300 million term loan and up to $550 million revolving credit facility, both maturing October 29, 2031, with interest rates tied to SOFR or the Alternate Base Rate.